What is Technology Asset Management (TAM)?
Published on October 17, 2018,
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There seems to be some confusion surrounding the latest crop of acronyms flying around our industry. So let us try to clear the air.
What is Technology Asset Management (TAM)?
When it comes to software solutions the answer is: TAM means Technology Asset Management
TAM is the superset of Asset Management including all the technology across an organization’s network. It includes physical, virtual, and software assets such as networked building infrastructure, data center infrastructure, applications in the cloud, personal computing devices, printers, scanners, and millions of IoT devices. TAM enables an organization to discover, manage, secure, and report on all technology assets from IT assets (ITAM) to IoT devices to any other technology assets that communicate on the network.
A modern approach to TAM automates the discovery and cataloging of all things connected to the network. It interconnects with other building, IT, and business systems providing a single source of knowledge bringing transparency and accountability to the entire extended organization.
A TAM solution helps reduce your technology spending and improve efficiency by identifying underused assets, enabling reallocation, consolidation and/or retirement. A TAM solution also reduces risk across the organization by tracking assets and reporting on what assets you have, their configuration, who is using them, when they last touched the network, and what resources they are consuming. By integrating this knowledge with other business systems like HR, ERP, Security and DCIM, you have a complete and accurate picture across your entire organization.
