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An IT asset is an item, thing, or entity that can be used to acquire, process, store, and distribute digital information and has potential or actual value to an organization. IT assets include:

  • Software;
  • Media (physical and digital);
  • IT equipment (physical and virtual);
  • Licenses (including proof of license);
  • Contracts; and
  • ITAM system management resources (including ITAM systems and tools and the metadata required to manage all IT assets).

Services to meet IT asset management requirements, typically provided externally, can also be considered IT assets, e.g., “software-as-a-service,” hardware maintenance, software support, and training.

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