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What is ITAM? The ABC of IT Asset Management

Explore a written version of this IT Asset Management guide here: https://bit.ly/3vfqiqe. IT Asset Management (ITAM) is the process of planning and managing the entire lifecycle of all IT assets. In other words, it's the framework that allows organizations to keep track of all their software and hardware from acquisition to disposal, ensuring that nothing falls through the cracks and that they don't waste money in the meantime. The primary goal of ITAM is to optimize the value of an organization's IT investments while minimizing the risks associated with their use. Implementing an ITAM strategy has multiple benefits, including: - Improved cost efficiency. - Increased transparency and accountability. - Enhanced security and cyber resilience. - Improved compliance. - Reduced downtime. The best way to implement it is to work with IT Asset Management software since it is a single source of truth to see all the company assets (including hardware and software), their location, owners, performance, and more! --- Want to explore more about ITAM tools? Check out what InvGate Insight can do for you: https://bit.ly/48GRqx1. --- Key moments: 00:00:00 Introduction to ITAM 00:00:20 What is ITAM? Definition 00:01:14 What are assets in ITAM? 00:01:35 Why is IT Asset Management important? 00:02:00 ITAM vs. ITSM 00:02:29 Benefits of IT Asset Management 00:03:49 The two processes of ITAM: HAM and SAM 00:04:12 The importance of an ITAM plan 00:04:26 Steps to develop an ITAM strategy 00:06:11 Why do you need ITAM software? 00:06:25 IT Asset Management software must-have features 00:08:18 Conclusion --- Don't forget to subscribe to our LinkedIn page:   / invgate  . #itam #itassetmanagement #itinventory #invgateacademy