The word asset refers to a piece of property or something you possess.  This is where the
company invests its capital and it may be a physical asset.  Asset IT management can be
referred to as a form of investment management since it is actually a collection of
investments into IT systems for the organization.

Some IT institutions have actually specialized in the management of assets. They provide
management and consultation in support to any kind of business, to help in managing the IT
assets for these client companies. If not handled properly, management of the software (an
IT asset) may end up becoming higher than the purchase cost. The regular services offered by
IT asset managers are: consultation, new technology implementation, high-tech asset
acquisitions, IT liquidation services and asset recovery services. The constant necessary
upgrades and changes in the technology also cost money, since the technology that is highly
praised and in demand today may be obsolete in just a matter of months. Employing the
services of Asset IT Management service providers would ensure that the client company has a
stable of fully managed and up-to-date IT Assets to rely on.

The benefits in employing IT asset management are considerably many, especially in terms of
time and cost reduction. The following are the other benefits: data cleansing; reduced
disposal, replacement and service costs; and equipment disposition reporting. Data
cleansing would ensure that the sensitive data, proprietary software and embedded network
passwords are safe. The IT Asset Management group must also provide the very essential
equipment disposition reporting with 100% accuracy. An excellent IT Asset management
provider must be able to provide the client company with single source accountability,
minimal time and cost of implementation of new technology, media technology to erase and
destroy data, secured storage or warehouse system, detailed reporting and a network of
suppliers who could easily provide resources for replacing IT assets.

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