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What is IT Asset Management?

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.

List of software with IT Asset Management functionality

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About the reviewer

Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.

Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].

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