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.
Tracking the software assets will allow your company to ensure that all licenses are respected, payments are made on time, and no conflicts or license violations.
3 – Digital Asset Management
Digital Asset Management is a type of ITAM for managing all digital assets, such as all information related to business, documents, and files.
Conclusion
ITAM can help reduce costs related to IT, ensure your license compliance through IT License management, and aid you in managing your IT assets lifecycle. For complete solutions in IT Asset Management, please get in touch with Boerger Consulting.
