If you’re looking to understand what an IT Asset Manager does or if you’re looking to become one, this blog post will fill you in on all the things you need to know. First, let’s begin with the basics.

What is IT Asset Management?

In simple terms, ITAM is a systematic approach to closely monitor and manage an organization’s IT assets. Every company typically has an IT department, and it is their responsibility to maintain a comprehensive record of all IT assets, from the moment of procurement to their eventual disposal or replacement.

These responsibilities include:

Identifying the company’s IT assets
Keeping count of all specific IT assets on hand
Keeping track of the status of new assets that have been ordered
Keeping track of what device is assigned to whom
Knowing where idle or unassigned assets are being stored
Deploying assets to new hires
Retrieving assets from terminated employees
Keeping track of assets to end-of-life

So, What Does an IT Asset Manager Do?

The IT Asset Manager is a key member of an organization’s IT team because they help maximize the technology investments while minimizing waste and risk.

To break it down further, an IT Asset Manager is responsible for overseeing the lifecycle of all IT assets an organization owns. These assets include laptops, cell phones, accessories, software and more.

What Are the Key Responsibilities of an IT Asset Manager?

Inventory Management: IT Asset Managers keep a record of all of the IT assets an organization owns. They keep track of specific details like user information, usage patterns, warranties, and more.

Cost Optimization: An IT Asset Manager helps organizations reclaim IT costs by identifying underutilized assets and recommending solutions based on asset usage patterns.

Compliance and Risk Management: Did you know that non-compliance can lead up to $150,000 per violation? IT Asset Managers are also responsible for avoiding these penalties by guaranteeing the organization is compliant and has data security regulations in place.

Lifecycle Management: From the moment an asset is purchased to its eventual disposal, IT Asset Managers are involved in every step of an asset’s lifecycle. In order to reduce downtime, they also plan for timely replacements. When it comes to asset disposal, they ensure that every asset is disposed of correctly to avoid security vulnerabilities.

Final Thoughts

IT Asset Managers are fundamental IT team members to ensure an organization’s operations can continue smoothly. In today’s landscape, IT Asset Managers are increasingly relying on ITAM tools, like Teqtivity, to help them run operations more smoothly and accurately. Whether it be recommending a solution based on data or ensuring devices are compliant, IT Asset Managers can really make a difference within their organization.