IT asset management (information technology asset management)
IT asset management (information technology asset management) is a set of business practices for optimizing spending and supporting strategic decision making within the IT environment while also increasing the company-wide understanding of IT’s business value.
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What should be in a CIO’s IT strategic plan?
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An IT asset is classified as any company-owned information. system or hardware that is used in the course of business activities. The IT asset management process typically involves gathering a detailed inventory of an organization’s hardware and software and then using that information to make informed decisions about IT-related purchases and redistribution. By avoiding unnecessary asset purchases and making the best use of current resources, IT asset managers can eliminate waste and improve efficiency.
This was last updated in December 2013
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core competency (core competencies) Core competency is an organization’s defining strength, providing the foundation from which the business will grow, seize upon. See complete definition ICT (information and communications technology, or technologies) ICT, or information and communications technology (or technologies), is the infrastructure and components that enable modern. See complete definition Total Quality Management (TQM) Total Quality Management is a management framework based on the belief that an organization can build long-term success by having. See complete definition