# IT Asset

#### IT Asset Management

**What is an IT Asset?**

An IT asset is a piece of information technology owned by an enterprise that contributes to the delivery of a business solution or service. IT Assets typically include hardware (like servers and switches), software (such as operating systems and application programs), and relevant documentation and service agreements.

**Importance of IT Asset Management**

* **Cost Savings:** Proper IT asset management can lead to significant reductions in expenses through license optimization and avoiding unnecessary asset purchases.
* **Compliance Management:** Ensuring that all software licenses are up to date and compliant with regulations.
* **Risk Management:** Identifying and mitigating risks associated with IT assets, including cybersecurity threats and hardware failures.
* **Lifecycle Management:** Following an asset from its acquisition through disposal, maximizing its value at each stage.

**IT Asset Management Process**

1. **Inventory Management:** Keep track of assets and maintain precise inventory records.
2. **License Management:** Manage software licenses to avoid legal issues and audit problems.
3. **Vendor Management:** Oversee suppliers and manage service level agreements.
4. **Maintenance Management:** Ensure that IT assets are maintained correctly to avoid unnecessary downtime.
