IT Asset Management (ITAM) is quickly becoming a necessity for companies seeking to manage their resources, time, and money. With companies owning various and multiple assets and offering different services that need to be promoted, there is still a lack of clarity around what IT Asset Management is and how it is best used to support the organization. Some companies simply fall back on spreadsheets to carry the brunt of their ITAM requirements. And many others still fail to realize how many valuable ITAM solutions are available. So how can you make ITAM more visible in your company in order to reap the benefits of it?
To build your business case for instituting ITAM to a greater degree in your company, it is best to start with a brief overview of what ITAM is. ITAM refers to the practice of managing all elements of software and hardware that are used in the IT environment of a company in order to best support the financial wellbeing of the company. This takes different shapes and forms, all of which contribute to greater efficiency and efficacy.