IT Asset Management (ITAM)
**IT Asset Management (ITAM)**
What is IT Asset Management (ITAM)?
IT Asset Management (ITAM) is the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment. IT assets include all elements of software and hardware that are used in a business, including computers, mobile devices, software licenses, and network equipment. ITAM is commonly used to optimize costs, reduce risks, improve decision-making, and ensure compliance with regulations and contracts by tracking, managing, and protecting IT assets throughout their lifecycle.
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