Types of IT Asset Management
Asset Management is a broad term and can mean a lot of different things. Here are some of the most common types of asset management that are often present in IT organizations
IT Asset Management
Is the overarching set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment. ITAM is part of a company’s IT Service Management function.
Digital Asset Management
is a part of the company’s intellectual property management functions and is a form of electronic media content management concerned with managing digital assets such as photos, videos, and digital data that the company either produces or licenses from third parties.
Software Asset Management and License Management
are concerned with the effective management, control and protection of software assets. This includes those produced by the company and those licensed from 3rd parties to ensure that all software in use within the organization is properly paid for and in compliance with licensing agreements.