IT Asset Management (ITAM) solutions are instrumental in managing Hardware, Software, and other IT assets. These assets are the center of your organization’s IT Infrastructure, and their lifecycle management requires improved control over inventory, tracking, and maintenance.
ITAM tools offer solutions to keep track of assets, manage costs, streamline workflows, enforce compliance, and mitigate risks. Businesses use them to optimize investments and drive productivity.
There are many benefits to implementing an ITAM solution, including:
ITAM solutions help organizations reduce costs by identifying unused or underused IT assets and ensuring you only pay for what you need.
ITAM can help your organization reduce its IT-related risks by identifying and managing potential security risks proactively, reducing the chances of costly data breaches.
ITAM ensures you comply with SOX, HIPAA, and PCI DSS regulations.
ITAM can provide actionable data related to software licensing agreements, such as when to upgrade or replace hardware or renew software licenses.
What are the features of IT Asset Management tools?
Asset discovery and inventory
License management
Software Auditing
Reporting and analytics
What are the different types of IT Asset Management tools?
On-premises - tools installed on-premises and require organizations to manage and maintain the software.
Cloud-based - tools that are hosted in the cloud and are managed by the software vendor