IT Asset Management (ITAM) Explanation

Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group.IT asset management (ITAM) is the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment. Assets include all elements of software

Configuration management database (CMDB) Explanation

CMDB is repository for IT Assets that are referred as Configuration Items (CI).CMDB is very important for Information technology (IT) organizations.CMDB also stores relationships between IT assets. CMDB is also keeps tracks of these assets.It keeps record of dependency between IT assets. IT Assets normally include IT Organization’s products, systems, facilities, software, facilities. Tracking the