What is ITAM?
Quite simply, IT asset management (ITAM) is the business practice of tracking an organization’s assets. This includes accounting for these assets (i.e., inventory of how many there are and where they are), as well as deploying, maintaining and disposing of them when no longer needed or have reached the end of their useful life.
As ITAM tracks the lifecycle of IT assets, it’s useful to define that term as well. An IT asset is any software, hardware, system or information owned by the organization that it values as part of its business activities. Typically, ITAM breaks down…