IT asset management (ITAM) is the end-to-end tracking and management of IT assets to ensure that every asset is properly used,maintained, upgraded and disposed of at the end of its lifecycle.
IT asset management (ITAM) is a set of business practices that combines financial, inventory
and contractual functions to optimize spending and support lifecycle management andstrategic decision-making within the IT environment. ITAM is often a subset of the IT service management (ITSM) process.