IT Asset Management

IT asset management is the process of efficiently managing IT equipment throughout its lifecycle or period of ownership to maximize its value to the business.

Also known as “IT asset lifecycle management,” or just “asset lifecycle management,” ITAM is a framework for proactively and strategically managing the acquisition, usage, maintenance, and retirement of IT assets.

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IT asset management brings several benefits:

• It helps organizations optimize resource allocation and make better technology investments, ensuring budget efficiency and avoiding unnecessary expenses.

• Secure and responsible decommissioning of IT assets ensures compliance with data and environmental regulations, protecting the organization's reputation and financial well-being.

• Effective management enables organizations to maximize infrastructure potential, leading to better performance and cost-effectiveness.

• Through proactive planning, IT asset management streamlines workflows enhances productivity, and minimizes downtime, improving overall efficiency.

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