IT Asset Management (ITAM)

SysAid’s Glossary of Terms

  • Overview

    IT Asset Management (ITAM) refers to the process of tracking and managing an organization’s IT assets, including hardware, software, licenses, and contracts.

  • What Is IT Asset Management (ITAM)?

    IT Asset Management (ITAM) involves identifying, recording, and maintaining an accurate inventory of IT assets. It includes their lifecycle management, cost optimization, and compliance with software licensing.

  • How Does IT Asset Management Work?

    ITAM utilizes asset discovery tools, manual audits, and integrated databases to collect asset data. It tracks the asset’s procurement, deployment, maintenance, and eventual retirement or disposal.

  • Why Use IT Asset Management & What Is Its Importance?

    IT Asset Management ensures cost-effective asset utilization, reduces IT-related risks, and helps organizations maintain software compliance. It enables better budgeting, improves asset security, and enhances IT governance.

  • SysAid’s Solution For IT Asset Management

    SysAid provides a comprehensive IT Asset Management (ITAM) module that allows organizations to manage their IT assets efficiently. With SysAid, organizations can track asset lifecycles, manage software licenses, and optimize asset usage.

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