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What is IT Asset Management (ITAM)?

IT Asset Management (ITAM) is an integrated approach to procure, manage, upgrade and dispose of IT assets to be sure they are being utilized efficiently. ITAM brings a unified view of property items, along with detailed records of asset history including associated costs. Having this complete overview of assets strongly contributes to the company’s ability to continuously grow, expand and keep the business on track.

ITAM is not ground-breaking and can often be wrongly overlooked, yet it is powerful and a critically important approach for businesses to potentially resolve the most pressing concerns the company faces. ITAM is usually a built-in feature of ITSM software, yet there are numerous standalone products specialized around ITAM. 

More about ALVAO ITAM  Go to all ITSM terms

Example of IT Asset Management in ALVAO

Example of ITAM in ALVAO

Imagine you're using the ALVAO ITAM tool to handle your company’s laptops. The tool helps you track each laptop from purchase through its lifecycle. It logs when each laptop was bought, monitors its usage, schedules maintenance, and flags when it’s time to replace or dispose of them. This way, you always know where each laptop is, how it's performing, and when it needs attention, ensuring efficient management and cost control.