ITSM Glossary of Terms

Visit the ITSM glossary for the definition, history, and uses of key industry terms, including standard operating procedures (SOP), risk management, and more.

Posts about Asset Management:

Asset Management

May 26, 2022 8:23:00 AM

What is Asset Management? 

The definition of asset management can vary by industry, but in the IT realm, it refers to making sure that the valuable IT assets in an organization are being tracked and used. An IT asset can be physical hardware, intangible software, or valuable information. IT assets can’t be used indefinitely, so keeping track of these assets and where they’re at in their lifecycle is important for all organizations.