IT ASSET MANAGEMENTWhat is
Asset Management

IT Asset Management (Information Technology Asset Management, or ITAM) is a way of combining certain business functions such as inventory, financial, and contractual functions in order to effectively support lifecycle management with strategic decision making

As well as improving on spending, all within the IT environment. ITAM is often a subset of the IT service management (ITSM) process

Any company-owned information, system, or hardware that is used as part of business processes is classified as an IT asset and needs to be managed accordingly

Typically, with IT asset management there would be a detailed gathering of an organisations software, hardware, inventories, and network assets. This information once collected would then be used to make informed business decisions about IT-related purchases and redistribution

WHY IS IT IMPORTANT?

Why is Asset
Management Important?

ITAM is about a lot more than just generating an asset inventory

With ITAM the goal is to continually use the captured asset data and drive increased business value whilst minimising risk and maximising returns. Efficiency is improved by ITAM avoiding unnecessary asset purchases and using the best of currently available resources but also cutting costs where needed with avoidable software licensing support costs and wastage

ITAM can also help companywide to increase the communication and understanding of the IT’s business value as well as the understanding between IT and other departments. Other perks include the enforcement and compliance and cybersecurity policies alongside the regulatory requirements which in turn then limits overhead costs and improves productivity in the management of the IT environment

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KEY BENEFITS

The Benefits of
Asset Management

  • Better Tracking
  • Cost Savings
  • Operation Efficiency
  • Forecasting
  • Control of IT Environment
  • Increased Governance
  • Effective Deployment
  • Standardisation
  • Financial Reporting
  • Risk Management
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Microsoft Solutions Partner

As a Microsoft Solutions Partner and specialist since 1995, we have the expertise and experience to manage all IT projects related to Microsoft products. Get in touch with us today to discuss any Microsoft projects you need assistance with, including IT migrations, IT consultancy, Cloud services, and much more
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MICROSOFT FOCUSED

Microsoft Solutions Partner

As a Microsoft Solutions Partner and specialist since 1995, we have the expertise and experience to manage all IT projects related to Microsoft products. Get in touch with us today to discuss any Microsoft projects you need assistance with, including IT migrations, IT consultancy, Cloud services, and much more

CHIEF OPERATING OFFICERPhil Rowell

Wizard IT offer enterprise-grade, cost-effective IT solutions. As a Microsoft Solutions Partner and Expert MSP, we utilise our experience in Microsoft Azure to provide the highest level of performance possible to customers of any industry and size

Our team of talented and experienced IT professionals are dedicated to providing the best service possible for our customers, regardless of their requirements and situation 

Get in touch with us today to discuss your current IT network and see how Wizard IT can help your organisation stay connected and safe from unwanted downtime 

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Wizard IT provides 24/7 IT support, consultancy, and cloud migration services, specializing in Microsoft technologies
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