Retirement:An asset is retired when depreciation sets in and maintenance is no longer feasible. That is, an IT asset reaches the end of its lifecycle when maintenance becomes more frequent and the organization spends more resources on it than it used to. An organization can also decide to reti...
What is ITAM? Quite simply, IT asset management (ITAM) is the business practice of tracking an organization’s assets. This includes accounting for these assets (i.e., inventory of how many there are and where they are), as well as deploying, maintaining and disposing of them when no ...
The ITAM repository is the central database for storing and maintaining essential financial, physical, and contractual data. But more than simply serving as a location for said data, an effective ITAM repository must be able to perform related IT asset management tasks. Repositories must be closely...
What Is IT Asset Management? ITAM Definition IT Asset Management (ITAM) is a comprehensive approach to managing and optimizing the use of IT assets within an organization. ITAM involves systematically tracking, evaluating, and maintaining all IT assets throughout their lifecycle, from procurement and...
So, it’s safe to assume that an IT Asset can be defined as any data, device, or other component of the environment that supports IT-related activities.IT Asset inventory is therefore the way an organization documents and provides details of the assets it owns. This can cover a range of...
Benefits of working with an asset manager The main benefit of working with an asset manager is that they’ll manage your investment portfolio so you won’t have to. Imagine having to build adiversified portfolioof hundreds of different stocks and manage it on your own. Instead, you’re able...
Enterprise asset management: what is it?Lamb Richard G.Hydrocarbon Processing
An asset is defined in general dictionaries as something useful or valuable. The task of any IT manager is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. Hardware breaks down....
Financial Asset Management Financial asset management is the most traditional of the asset management categories. It involves managing all of the financial tools used by an organization. The asset manager examines things like stocks, investments, bonds and real estate. They also look at related intere...
An asset manager is responsible for creating a client's portfolio, overseeing it from day to day, making changes to it as needed, and communicating regularly with the client about those changes and how well their investment goals are being achieved. ...