IT Asset Management (ITAM) helps businesses get the most value from their IT assets - software, hardware, cloud and data, while also reducing risks. It involves buying, setting up, maintaining, optimizing and eventually replacing these IT assets. By using ITAM, companies can better understand what IT resources they have, spend their IT budget wisely, and make sure they're following the rules and regulations.
As organizations increasingly rely on technology to steer their operations, the imperative for streamlined management of IT assets becomes paramount. According to insights from Gartner®, projected enterprise software spending is set to reach $754.8 billion in 2023, underscoring the sustained interest in robust ITAM (IT Asset Management) and software asset management (SAM) tools.