Who is IT Asset Manager (ITAM Specialist)? | Loggle (2024)

The IT Asset Manager (IT Asset Management Specialist) is responsible to take a detailed inventory of the organization's software, hardware and integration assets, etc. IT Asset Manager is also responsible for implementing the information collected to make the best decision regarding IT-related acquisitions and redistribution.

An IT asset management specialist is an individual who is responsible for managing all the hardware and software resources of the company or organization he works for. A person who wants to become an IT asset manager must have certain skills and qualifications which will help him perform his job more efficiently.

The IT Asset Manager creates the strategic management of all IT assets and the planning of workflow tasks. The IT asset manager manages everything from digital assets to cloud services and is also responsible for the commissioning and operational functions of the IT asset management system.

IT Asset Manager Job Description

An IT Asset Manager, whether in a small business or a large organization, is tasked with avoiding unnecessary asset purchases and eliminating waste by making the most of existing IT asset resources and increase productivity. The job description of an ITAM Specialist with various tasks within the company may vary depending on the structure of a business occasionally. However, there are some typical and immutable tasks that are in the IT manager's job description. These tasks can be divided into groups mainly in the form of planning and purchasing, project management, providing technical support, and managing IT assets.

Managers' tasks also include managing databases and information records for the organization's software and hardware, such as licenses, service contracts, and warranties. An IT Asset Manager is not only planning and implementing business, at the same time, fixing things when things do not go as planned is one of the main job descriptions. However, perhaps the most important role of an IT Asset Manager is to analyze tasks and work to have different skills and keep knowledge up to date at all times.

To keep their knowledge and skills up to date, managers need to understand the industry, communicate with stakeholders, have knowledge about software licensing and conduct company audits.

What should the IT Asset Management Specialist Pay Attention To?

Even in small or medium-sized companies, especially when it comes to cloud applications, employees may not understand what is considered an asset. Excessive asset load can cause confusion and damage the company. Therefore, the Asset Manager must communicate clearly and effectively with employees and be able to transfer the background information. It is also extremely important to have reported so that you can be sure which apps are part of the site.

Who the applications belong to, who uses them, how often they are used, what features are used the most and it is possible to know information such as when applications are renewed thanks to reporting. This allows managers to know if the applications are actually being used. And while managing IT assets is the asset manager's job, authorizing the necessary people from time to time is also important to ensure that teams work together for the common good. When authorized persons access the same reporting as the administrator and make decisions based on this data, or they can be more dominant in the process when they work with the manager to find the best action plan. This can be an important step toward improving productivity in the company.

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IT Asset Management Specialist Jobs

The hiring of IT Asset Management specialists by enterprises is increasing day by day. This is due to the fact that a number of companies are now adopting cloud technology. With this, they need someone who can manage their assets better and also help them protect their data.

The demand for people with strong IT Asset Management skills is increasing rapidly and is expected to grow by 15% annually in the next five years. These professionals are responsible for managing the lifecycle of an asset from procurement to retirement or disposal. They can also plan, implement, monitor and maintain the asset management system within an organization.

If you are an IT asset management specialist, then there is no doubt that you can get a job easily in the market these days. You just need to be patient enough and keep looking for jobs online or in newspapers. It is not an easy task to find a job in this field, but it will not be impossible if you work hard on it.

Here are some of the reasons why it is important for your business to hire an IT Asset Management Specialist:

  • To ensure that data security and integrity are maintained.
  • To manage software license compliance and usage.
  • To ensure that all hardware and software assets (including applications) are accounted for, inventoried and managed effectively across your entire organization's infrastructure.

An IT Asset Management specialist can help in performing these tasks efficiently.

What is IT Asset Management (ITAM)?

IT asset management is a process that involves identifying, tracking, controlling and disposing of all hardware, software and other resources that are used by an organization so as to make sure that they are not only used efficiently but also in a cost-effective way. For more information about IT Asset Management, you can read the blog below!

What is IT Asset Management?

Who is IT Asset Manager (ITAM Specialist)? | Loggle (2024)

FAQs

Who is IT Asset Manager (ITAM Specialist)? | Loggle? ›

The IT Asset Manager creates the strategic management of all IT assets and the planning of workflow tasks. The IT asset manager manages everything from digital assets to cloud services and is also responsible for the commissioning and operational functions of the IT asset management system.

What is the role of an ITAM specialist? ›

Job Description

We are building a team to manage this content service, a critical component of our IT Asset Management solution. You will be working on building and enhancing the content services, an integral part of our ITAM product that enables our customers to manager all IT assets and provides compliance position.

What is the role of IT asset management specialist? ›

Ensuring that the assets are tracked, received, recovered, deployed and retired in a controlled and compliant way. Responsible for inventory data quality and ongoing data hygiene. Maintains and monitors hardware software catalogue to ensure compliance.

What is IT asset management or ITAM? ›

IT asset management (also known as ITAM) is the process of ensuring an organization's assets are accounted for, deployed, maintained, upgraded, and disposed of when the time comes. Put simply, it's making sure that the valuable items, tangible and intangible, in your organization are tracked and being used.

What is the role of an asset manager in an IT company? ›

The IT Asset Manager, often known as the IT Asset Management Specialist, are the ones who are responsible for managing all hardware and software resources within their organization. Additionally, they design, develop, and implement an effective asset management strategy.

What does an ITAM manager do? ›

An IT Asset Manager, whether in a small business or a large organization, is tasked with avoiding unnecessary asset purchases and eliminating waste by making the most of existing IT asset resources and increase productivity.

What is a specialist asset manager? ›

An asset specialist is a professional who is responsible for the management and disposition of assets of a financial institution. Asset specialists are used when a financial institution is under government conservatorship, and they also work with other financial institutions that are marketing and selling assets.

What is the difference between ITSM and ITAM? ›

ITAM focuses on managing an asset's financial, contractual and operational risks and implications. ITSM focuses only on those assets that are also CI's and are needed in support of a service, whereas ITAM would look at all assets over a certain amount.

What are the benefits of ITAM? ›

The purpose of ITAM is to obtain and maintain a record of all the assets under IT care. To track every single asset throughout its lifecycle. As a rule, IT assets include all software, hardware, networks, cloud services and peripheral devices.

Is asset management a finance or accounting? ›

Asset management in finance is a systematic approach to managing and optimizing various types of financial assets throughout their lifecycle. These assets can include financial instruments, real estate properties, equipment, intellectual property, and more.

How do asset managers make money? ›

The standard fee for asset managers is 1% of whatever is being invested. Some asset management funds also make money through a performance fee, similar to a bonus. Performance fees are setup so asset managers are rewarded with a bonus payout when growing the fund to a certain target threshold.

How to be an IT asset manager? ›

IT asset managers' skills and qualifications

Most asset managers begin with a bachelor's in IT, computer science, or a related field, and most organizations demand around five years of experience in ITAM for the position. Taking this into account, having an ITAM certification is often relevant to the job.

What exactly do asset managers do? ›

Asset management is the practice of buying, selling, and managing investments, commensurate with specific risk tolerances, to increase wealth over time. Asset management professionals perform this service for clients. They may also be called portfolio managers or financial advisors.

What is the job description of an asset technician? ›

Participates in the collection of raw data for input into asset management tracking software; performs data conversion and organization; aides in the collection of field data; manipulates data to generate reports, maps, and other technical documents.

What are the job responsibilities of an IT asset coordinator? ›

The Asset Coordinator is often the person responsible –for creating digital asset management (DAM) guidelines. Creating a standard/guidelines results in cleaner file management, improved processes, delivery, and ensures that everyone within the organization uses the same guidelines – helping overall efficiency.

What is the job description of an asset management expert? ›

Asset managers manage and monitor a company's assets. This could include property, money, stocks, shares and bonds, commodities, equities and other financial products. As an asset manager, you'd aim to maximise your employer's return on investment.

What does a product specialist do in asset management? ›

A Product Specialist is typically a client facing role working collaboratively with both investment and sales teams to represent the organisations range of products with both internal and external stakeholders.

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