Information Technology Asset Management

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What Does Information Technology Asset Management Mean?

IT Asset Management (ITAM) is a type of business management that is directly tied to an enterprise’s IT infrastructure. With ITAM, professionals review the an organization’s total business hardware and software inventory and make comprehensive decisions about sourcing, use and all other aspects related to an asset lifecycle.

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Techopedia Explains Information Technology Asset Management

ITAM is essentially a form of business process management (BPM) that focuses on the overall deployment, use and lifespan of products, rather than other IT management components. ITAM managers are responsible for maintaining control over inventory and ensuring that business assets fit the organization’s operating needs. Other ITAM goals include compliance with industry standards, best practices for environmental usage and efficient asset reuse or purchases.

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Margaret Rouse
Technology Expert
Margaret Rouse
Technology Expert

Margaret is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages.