IT Asset Management
IT Asset Management (ITAM) helps you manage the IT assets of your business. These include software, hardware, networks, user workstations, and all other assets that come under the purview of business assets. When effectively done, the IT Asset Management program provides significant benefits by IT cost management and reduced risk. This blog looks at three types of IT Asset Management in brief. 1 - IT Asset Management IT Asset Management, as a category, keeps its focus on the centralized management of IT assets of the business. These might include the following assets: *Inventory Data – Inventory data includes the assets’ details like location, ownership, and condition. *Financial data – This includes all the financial information of the assets, including the purchase price, additional costs (e.g., maintenance), supplier information, etc. *Contractual data - This includes all contract-related information, including handling information like Terms and Conditions, leases, agreements, and warranties. 2 – Software Asset Management and IT License Management This type of ITAM looks after the management, control, and security of all the company’s software assets, including both in-house and third-party software.