IT Asset Management (ITAM): The process of ensuring that all physical and digital assets within an organization, such as hardware, software, and digital licenses, are accurately tracked, used, and maintained throughout their lifecycle. This management process is crucial to mitigate risks associated with over or under-utilization, legal issues, and unaccounted resources. It assists in optimizing resource allocation, reduces unnecessary expenditure, and supports strategic decision-making within the organization.
Categories: CC D1: Security Principles | CCSP D5: Cloud Security Operations | CISM D1: Information Security governance | CISSP D2: Asset Security | Security+ D5: Security Program Management and Oversight | SSCP D1: Security Concepts and Practices
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