Every IT asset provides value for a business. IT asset management (ITAM) allows businesses to maximize the value that is received from each asset, thus saving money, time, and other resources. Vision networks announced that an ITAM program helps businesses save around 30% per asset within the first year of implementing the system. Explore the world of ITAM by learning more about hardware and software asset management.

There are lots of organizations that struggle with keeping track of the many assets they own, where they are located, and who is using them! Some organizations utilize manual methods such as spreadsheets, pen & paper methods, etc. These methods are not effective as they are not accurate. When an organization does not have this information then asset misplacement, theft, and misutilization of assets increases.

When an organization is small, they have limited assets for that purpose spreadsheet can be used. However, when the number of assets and organization grows spreadsheet becomes inaccurate as many people access it at one time. When multiple people access spreadsheets the chances of inaccuracy increase, and data can be changed unintentionally. Moreover, the chances of finding errors are not good as there is no timestamp or tracking.