"The cost and complexity of information technology has increased exponentially, including new technologies and delivery models. ITAM, including software asset management (SAM), needs to be a core competency in every organization; it is no longer optional." Sherry Irwin, TAM Inc.
IT Assets: Hardware, software and related services provided by external parties under contracts.
IT Asset Management (ITAM): Integrated inventory, contract, and financial lifecycle practices to minimize costs and risks related to investments in IT assets, and to maximize the value/return of those investments.
Technology Asset Management Inc. (TAM Inc.), founded by Sherry Irwin in 1995, specializes in the maturing discipline of IT asset management (ITAM), including software asset management (SAM) and related disciplines of license, contract, and vendor management.
Why IT Asset Management?
Effective management of IT assets, as well as the associated contracts and vendors, ensures maximum benefit from IT investments at minimal cost and with acceptable risk. In our experience, organizations that implement an effective ITAM program will:
What is IT Asset Management?
ITAM is an IT business function, in support of managing the fiscal aspects of IT assets,
including financial (cost/value), risk, compliance, contract, and vendor management.
ITAM involves more than tracking the physical (technical) details of IT assets,
although IT asset tracking is an integral part of the ITAM program.
ITAM is complex, with many challenges including: