A Beginner’s Guide To IT Asset Management

IT asset management isn’t the sort of field that lay people sit down to study on a pleasant Sunday afternoon. It’s a complex profession and it’s not one that’s generally applicable to a wide range of different careers.

If you’ve discovered that IT management is close to your career path, though, it makes sense to learn a little bit more about how asset management is practiced in the information technology field. This introduction will help you get started.IT asset management

IT Asset Management Defined

Depending on your previous work experience, you may have heard the term “IT asset management” thrown around without ever really considering what it means. It’s a fairly logical title that suits its profession very well. Asset management in IT involves a number of different business practices that are intimately connected to maintaining or expanding an organization’s IT capabilities. This includes activities as diverse as making long-term strategic decisions that affect IT deployment and picking out what sort of phones will be purchased at a new facility.

IT Assets – What Are They?

When most people think of the term “IT asset,” their mind naturally turns to computer hardware. This is just a small part of the wider world covered by the term, though. Every piece of office equipment that might have a networked connection – and these days that includes most everything more complex than a stapler – might be considered an IT asset. IT assets also include software, especially very expensive enterprise software designed for commercial use.

The Shorthand – ITAM

ITAM is an acronym that may also have come to your attention when IT assets are discussed. There’s no big mystery to the meaning of this one; ITAM is simply an abbreviation for IT asset management. It’s frequently used for brevity’s sake, especially in documents written about IT assets.

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Who Does The Managing For IT Assets?

Different organizations assign responsibility for IT asset management to different team members. In organizations that are large enough to have full time IT specialists, asset management typically falls in their wheelhouse. Larger companies have larger IT staffs or entire IT departments; when teams grow large enough there may be a single employee whose full-time responsibility is IT asset management.

In smaller, more agile organizations, there often isn’t an IT expert on staff. Most such organizations rely on outsourcing to meet their IT needs. This policy can be followed when it comes to IT asset management, too. Many if not most of the IT service providers in your area are probably capable of providing asset management along with their other services.


What Are The IT Asset Manager’s Responsibilities?

IT asset management involves maintenance of software and hardware as well as making more strategic decisions about it. The person in charge of IT assets should also have a say in the development of IT standards and practices for the organization.

Good asset management in the realm of IT – whether provided by an in-house team member or a consulting professional – should seamlessly support your organization and provide the IT resources you need to accomplish your objectives. If you’re considering a career in ITAM or need to hire an expert in the field, learn more about what it entails to make sure you make the right decision.

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