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What does 'IT Asset Management' mean?

IT asset management, also known as ITAM, is a process that enables organizations to effectively manage and track their hardware, software, and digital assets throughout their lifecycle. It involves inventorying, monitoring, and controlling the assets to ensure they are utilized efficiently, maintained properly, and meet regulatory and security standards. One of the key features of IT asset management is asset discovery, which enables organizations to gather detailed information about their assets, such as hardware and software configurations, usage data, and license information.

Software with IT Asset Management functionality