--- title: 5 Reasons Efficient IT Asset Management (ITAM) Is Key to your Business description: IT Asset Management is essential to business as it ensures employees have the technology they need to do their jobs and ensures resources are optimised. image: https://blog.servicedynamics.co.nz/hubfs/Blog-Images/ITAM-devices.jpg --- [![Service Dynamics Logo - White](https://blog.servicedynamics.co.nz/hs-fs/hubfs/Service%20Dynamics%20Logo%20-%20White.png?width=885&height=342&name=Service%20Dynamics%20Logo%20-%20White.png)](https://www.servicedynamics.co.nz) [![Service Dynamics Logo](https://blog.servicedynamics.co.nz/hs-fs/hubfs/Service%20Dynamics%20Logo.jpg?width=885&height=342&name=Service%20Dynamics%20Logo.jpg) Service Dynamics Logo - White](https://www.servicedynamics.co.nz) ![Service Dynamics Logo](https://blog.servicedynamics.co.nz/hubfs/Service%20Dynamics%20Logo.jpg) - [Services](https://www.servicedynamics.co.nz/services) - [Solutions](https://www.servicedynamics.co.nz/solutions) - [IT Service Management](https://www.servicedynamics.co.nz/solutions/it-service-management) - [Enterprise Service Management](https://www.servicedynamics.co.nz/solutions/enterprise-service-management) - [Process Mapping & Automation](https://www.servicedynamics.co.nz/partners/flowingly) - [Discovery & IT Asset Management](https://www.servicedynamics.co.nz/solutions/it-asset-management) - Cherwell Migration - [Cherwell Migration Service](https://www.servicedynamics.co.nz/partners/cherwell-migration-service) - [Cherwell to ServiceNow Migration](https://www.servicedynamics.co.nz/cherwell-servicenow-migration) - [Cherwell to JSM Migration](https://www.servicedynamics.co.nz/cherwell-jsm-migration) - [Cherwell to Ivanti Migration](https://www.servicedynamics.co.nz/cherwell-ivanti-migration) - [Cherwell to HaloITSM Migration](https://www.servicedynamics.co.nz/cherwell-migration-haloitsm) - [Atlassian Managed Services](https://www.servicedynamics.co.nz/atlassian-managed-services) - [ServiceNow Managed Services](https://lp.servicedynamics.co.nz/servicenow-managed-services) - [Partners](https://www.servicedynamics.co.nz/partners) - [ServiceNow](https://www.servicedynamics.co.nz/partners/servicenow) - [ServiceNow ITAM Assessment](https://www.servicedynamics.co.nz/servicenow-itam-assessment) - [Atlassian](https://www.servicedynamics.co.nz/partners/atlassian) - [Atlassian Training](https://lp.servicedynamics.co.nz/atlassian-training-partner) - [Atlassian Service Collection](https://lp.servicedynamics.co.nz/atlassian-service-collection) - [Atlassian Teamwork Collection](https://blog.servicedynamics.co.nz/introducing-atlassians-teamwork-collection) - [Atlassian License Assessment](https://lp.servicedynamics.co.nz/atlassian-license-assesment) - [Atlassian Managed Services](https://www.servicedynamics.co.nz/atlassian-managed-services) - [Academic License Discount](https://www.servicedynamics.co.nz/atlassian-academic-license) - [Non-Profit License Discount](https://www.servicedynamics.co.nz/atlassian-community-license) - [HaloITSM](https://www.servicedynamics.co.nz/partners/haloitsm) - [HaloPSA](https://lp.servicedynamics.co.nz/partners/halopsa) - [Atera](https://lp.servicedynamics.co.nz/partners/atera) - [Atera ROI Guarantee](https://lp.servicedynamics.co.nz/atera-autonomous-it-guarantee) - [Ivanti](https://www.servicedynamics.co.nz/partners/ivanti) - [Cherwell Service Management](https://www.servicedynamics.co.nz/partners/cherwell-service-management) - [Flowingly](https://www.servicedynamics.co.nz/partners/flowingly) - [Checklist Pro](https://lp.servicedynamics.co.nz/partners/checklist-pro) - [Virima](https://www.servicedynamics.co.nz/partners/virima) - [BeyondTrust](https://www.servicedynamics.co.nz/partners/beyondtrust) - Resources - [Resource Hub](https://www.servicedynamics.co.nz/resources) - [Blog](https://blog.servicedynamics.co.nz) - [About Us](https://www.servicedynamics.co.nz/about) [Get in touch](https://www.servicedynamics.co.nz/contact) # 5 Reasons Efficient IT Asset Management (ITAM) Is Key to your Business Regardless of industry, businesses are relying more and more on technology to succeed. As a consequence, IT teams are faced with the complex task of managing and keeping track of a growing number of devices and software. In the hybrid workplace where there is a fusion of personal and company devices in multiple locations throughout the week. Effectively managing all of the IT assets your employee's use can be a real challenge. Many businesses do not have a handle on managing their IT assets through their entire lifecycle from procurement to disposal. [IT Asset Management](http://www-servicedynamics-co-nz.sandbox.hs-sites.com/discovery-and-it-asset-management-service-dynamics) is an essential part of business success as it ensures employees have access to the technology they need to do their jobs and aims to optimise these resources so that money isn't wasted on technology or software that isn't necessary or not being used.  With the rapid increase in connected devices and more endpoints than ever before, taking control is crucial because IT assets are costly to acquire and maintain.  ### 5 reasons why IT Asset Management is key to your business: 1. **Visibility - Know what you have** Don't rely on spreadsheets; gain complete visibility to maximise the performance and value of your hardware and software assets. 2. **Security - Protect what your have** Ensure everything is accounted for; track your IT assets properly to lower the security risks from unknown, lost, or misconfigured hardware and software. 3. **Lifecycle Management - Manage what you have** Manage all of your IT assets from procurement to disposal. Get insights and alerts about when to purchase, update, and maintain your IT assets in order to get the most out of every IT investment. 4. **Cost Optimisation - Maximise what you have** Avoid shelfware and redundant software purchase; get more value from your IT assets by only paying for what you actually use. 5. **Go Beyond - Get even more out of what you have** Take advantage of automation and self-service; unify your [IT Service Management (ITSM)](https://www.servicedynamics.co.nz/solutions/it-service-management) and [IT Asset Management (ITAM)](https://www.servicedynamics.co.nz/solutions/it-asset-management) processes to improve IT service, enhance the digital employee experience and empower your business. Take that first step and gain visibility into what you have. With clear insights into what assets you have, where they are, how much they’re costing you, and how they’re performing throughout their lifecycle from cradle to grave, you can get the most out of what you have and achieve significant efficiency and productivity gains. If you're interested in knowing more about our IT Asset Management solutions, [get in touch](https://www.servicedynamics.co.nz/contact). \* This content was first published by Ivanti.com [ITAM](https://blog.servicedynamics.co.nz/topic/itam), [IT Asset Management](https://blog.servicedynamics.co.nz/topic/it-asset-management) ##### Like it? 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