The best ITAM practices can reduce risk, increase ROI, and even promote collaboration across teams when necessary, rolling out only the most useful tools for practices like DevOps, ChatOps, and more. ThatвЂ™s why companies often struggle with or altogether fail at ITAM efforts. The tricky part is that neither of these are particularly easy.

Determining when to upgrade/retire/expire assets due to depreciation or end-of-lifing.

Tracking the financial value of each asset-that is, how much value the asset is providing to the company.

We can sum up the two main activities in ITAM as: IT asset management helps you gain visibility of your assets in order to see the value delivered by each piece. IT asset management is an IT practice with the goal of keeping tabs on all IT assets, in order to assess when to make changes and identify which changes to make. This is where IT asset management (ITAM) comes in.

These tools could present security risks or compliance issues, cost more than their value to the business, and slow productivity.Д«ut keeping up with these countless tools-assets-is no small task. It happens to all of us.ДЇrom a company perspective, tools that are underutilized are a waste-and a risk. Sometimes, you realize a forgotten tool is way better for a task than the tool youвЂ™ve been using. Which tech-enabled tools do you use to get your work done daily? Weekly? Monthly? ItвЂ™s probably not a short list.

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