Back to Glossary IT Asset Management (ITAM) The practice of systematically tracking and managing the full lifecycle of IT assets, hardware, software licenses, cloud resources, and contracts, from procurement and deployment through maintenance and retirement. Effective ITAM programs reduce unnecessary spending through license optimization, improve audit readiness, support security and compliance objectives, and provide the asset data that underpins CMDB accuracy and… The practice of systematically tracking and managing the full lifecycle of IT assets, hardware, software licenses, cloud resources, and contracts, from procurement and deployment through maintenance and retirement. Effective ITAM programs reduce unnecessary spending through license optimization, improve audit readiness, support security and compliance objectives, and provide the asset data that underpins CMDB accuracy and ITSM processes.
