What Are IT Assets?

What Are IT Assets?

If you’re in your office, look around yourself and try to identify different assets in the room that can, in any way, be connected to a computer. If you’re not in your office, just try to imagine all the objects that help you conduct digital tasks. 

The list of assets you’re coming up with might seem endless. Let’s see what they are: the computer or laptop itself, desktop screens, keyboards, mice, CPUs, USB sticks, mobile phones, tablets, projectors, scanners, printers, photocopiers, routers and a lot more! How do you possibly group all of these in one category? How do you put a mobile phone in the same box as a projector?

If you wanted to refer to all of these objects in two words or one term, you’d call them ‘IT assets.’ Continue reading to find more about what IT assets are and how an ITAM (IT Asset Management Software) will work for your organisation.

How Does Hardware Asset Management Benefit Your Business

IT Assets – Definition

An asset is something you own that plays a role in helping you conduct your day-to-day business operations. However, the term IT asset narrows down the domain and includes everything you have possession of that helps you conduct computer-based tasks. 

Any piece of hardware, software or digitally-stored information that holds value for your business qualifies as an IT asset. Let’s look at the different types of IT assets to have a better understanding. 

  • Hardware – Any object that has a chip inside of it and helps you conduct digital tasks is IT hardware. For instance, laptops, smartphones, mice, keyboards, printers, Wi-Fi routers, and telephones. Note that hardware is not limited to these objects only.
  • Software – Software that helps you conduct your business operations, such as your invoicing system, are also considered IT assets.

Digital Information – Any information of value stored on a computer or an online database is an IT asset. These could be financial datasheets, licence agreements, and even NFTs or crypto assets.

What is ITAM and Why Do You Need it?

If you’re an IT-intensive company, IT asset management (ITAM) is an absolute necessity for you. It involves keeping a detailed and updated log of all your IT assets so you can optimise your productivity, inventory and business funds allocation. 

In ITAM, you log your IT assets with unique asset profiles and important information about each asset to its profile. For instance, if you bought a new desktop screen, you can create a new asset profile and add important information you might need later such as date of purchase, cost of purchase, and warranty information. 

Not only that, IT asset management involves tracking much more functional data like who the asset is assigned to, where it is and when its last maintenance date was. ITAM makes all such information about your assets available to you so you can use it to make well-informed decisions for your business. 

The process of recording unique information for different assets opens a lot more possibilities to make your business more productive and help it grow. ITAM gives you greater clarity and control over your IT assets, but with the right IT asset management software, all this data is always accessible to you. 

Plus, you can run customisable reports about how your IT assets are being utilised. These insightful reports can prove to be really powerful in turning your business productivity around if used the right way.

What Does IT Asset Management Software Do For You?

itemit’s ITAM software is, by far, one of the most scalable asset tracking solutions you’ll find in the market. But before we get to its scalability and other advanced features, let’s introduce you to the functionalities it offers.

You already know what ITAM is. And itemit’s ITAM software lets you do it effortlessly. itemit is a cloud-based asset management system that lets you create unique asset profiles and add essential details to them in a neat, organised and time-saving manner. 

Using the IT asset tracking software is pretty simple. itemit offers an off-the-shelf solution that can be set up right away, and if used right, you’ll start seeing the results from the very first day.

Benefits of Using itemit ITAM Software

Reduced Losses

IT asset management software gives you a better view of your assets. If all your asset data is properly logged in and kept up-to-date, it becomes a powerful tool to help you make the right decisions.

With the entire database just a few clicks away, you can search for the assets your business owns. You can use asset profiles to locate and retrieve assets and also avoid duplicate purchases.

Greater Accountability

Accountability boosts productivity. IT asset register software and asset tracking, in general, improve your business’ accountability. When each asset is assigned to a particular employee through itemit, the employee feels responsible to utilise the IT asset the right way and keep it safe and well-maintained.

Faster Tracking with Asset Tags

itemit’s IT asset management software comes with a great range of helpful features and functionalities. For instance, you can use asset tags to fast track your asset tracking.

Bottom Line

ITAM software is a critical tool for every IT-intensive organisation to leverage for greater productivity and profits. And for that purpose, you’ll find no better option than itemit’s IT asset management software. Because it’s highly scalable and versatile, it’s a one-size-fits-all solution for all business sizes and asset tracking purposes.

To find out more about how the itemit’s ITAM software can help your business save time and money, you can contact the team at team@itemit.com. You can also fill in the form below to start your 14-day free trial.

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