Asset Management

Definition: Asset management refers to the systematic process of developing, operating, maintaining, upgrading, and disposing of IT assets cost-effectively. It involves tracking and managing an organization's hardware and software assets throughout their lifecycle to optimize their use and value.


Effective IT asset management is crucial for several reasons. It helps organizations minimize risks associated with IT assets, ensures compliance with licensing agreements, reduces costs by avoiding unnecessary purchases, and enhances operational efficiency. Proper asset management also aids in making informed decisions about IT investments and maintenance.

Key Components:


Other Terms:

Average Meeting Length  |  Active Hours Per Day  |  Activity Report  |  Absence Management  |  Approval Workflow  |  Activity Type  |  Annual Leave  |  Automated Time Tracker  |  Asset Lifecycle Management  |  Attention Shifts  |  Automated Time And Attendance  |  Annual Performance  |  Automated Timesheets  |  Attendance Software  |  Account Management  |  Accounts Receivable  |  Activity Dashboard  |  Automate Work Processes  |  Ai Predictive Analytics  |  Absence Tracking  |  Average Handling Time  |  Agent Turnover  |  Attendance Tracking  |  Asset Optimization  |  Actionable Feedback  |  Active Time  |  Average Handle Time Aht  |  Absent  |  Accounts Payable  |  Application Completion Rate  |  Accession Rate  |  

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