What is an Asset?
For those who are not familiar with the term ‘asset’. It is anything that the company owns as little as stationery, plants, and machinery, etc. It can also be termed as anything that gives a monetary value to the business. However, in the case of ITAM, hardware and software are considered to be assets.
Hence, ITAM helps to manage the assets of an organization with the help of a computer for example calculating the value of an asset when bought and, the value of the asset after depreciation
Depreciation – the term depreciation means a fall in the value of assets for example the value of an electronic device you purchase in 2017 and 2020 will not be the same even if they have the same configurations.
Steps to building an efficient ITAM process
To build an efficient ITAM process it is important that we
- Have a better understanding of the plan we are going to execute
- Plan, organize, and discuss with your team
- Collect feedback to rectify your mistakes
- Execute the plan