IT Asset Management (ITAM)

IT Asset Management (ITAM) is the practice of tracking and managing an organization’s information technology assets, such as computers, software, servers, and network equipment. It ensures that all assets are accounted for, properly maintained, and used efficiently. ITAM helps organizations control costs, comply with licensing, optimize asset use, and reduce risks related to security and obsolescence. By maintaining accurate records and lifecycle information, ITAM supports informed decision-making and aligns IT resources with business goals. Essentially, it’s a strategic approach to managing technology assets throughout their entire lifespan.