ServiceNow ITAM (IT Asset Management) is a collection of business practices that allows businesses to monitor, set up, control, upgrade, and dispose of their IT assets. It is a collection of business practices and technologies that assist IT asset lifecycle administration and strategic thinking in the context of information technology. ITAM enables organizations to better manage their hardware (HAM) and software (SAM) inventories and avoids wasteful asset acquisitions.

1. Gain end-to-end visibility using the ServiceNow ITAM on the Now Platform
ServiceNow ITAM (IT Asset Management) is a collection of business practices that allows
businesses to monitor, set up, control, upgrade, and dispose of their IT assets. It is a collection
of business practices and technologies that assist IT asset lifecycle administration and strategic
thinking in the context of information technology. ITAM enables organizations to better manage
their hardware (HAM) and software (SAM) inventories and avoids wasteful asset acquisitions.
ServiceNow, being a cloud-based platform, allows for the seamless integration of legacy
applications. The ServiceNow platform provides linked digital processes that improve work for
individuals and corporate operations. You can improve your core apps and combine strategic
workflows with long-running procedures across your organization by implementing the
ServiceNow platform.
An IT asset is any important technological component that aids the operation of your firm. It
might include gear like computers and outdoor equipment, software like licenses or cloud-based
services, or digital resources like multimedia and electronic materials. The ITAM platform from
ServiceNow delivers one repository of records for identifying possibilities to save expenses,
remove waste, enhance compliance, manage security concerns, and promote standardization.
You can reign in complex resources while maintaining your IT property in order with effective
and sophisticated ServiceNow ITAM software.
Hardware asset management (HAM) keeps track of all the physical components and devices
used by the IT department. Asset management begins with the acquisition of hardware, extends
through the service life of the hardware, and concludes with disposing of the asset. Software
Asset Management (SAM) allows enterprises to monitor their company's software investments
from implementation through disposal. Furthermore, software asset management encompasses
the planning, pricing, strategy, and decision-making procedures involved in acquiring, utilizing,
and discarding software assets, whether stored on-premises or in a cloud environment.
By Implementing ServiceNow ITAM on the Now Platform, Organizations can:
• ITAM assists you in managing and monitoring all of your IT assets. Controlling all IT
assets could appear difficult, but an ITAM method facilitates this by providing an easy
way to organize these components.
• IT assets are naturally vulnerable to security threats, which should be minimized
whenever feasible. ITAM allows you to have a better understanding of your IT assets by
tracking their condition, status, and safety.
• Automating, accelerating, and improving manual operations with an ITAM platform.
• Employing a sensible and carefully planned ITAM method can help you monitor your
devices' health, condition, and routine upkeep, lowering the expenses caused by
ineffective asset management.
• ServiceNow IT Asset Management is directly connected with other ServiceNow platform
modules like IT Service Management and Configuration Management. This guarantees
that processes inside the ServiceNow environment run more smoothly.
Conclusion

2. ServiceNow ITAM is an integrated platform for managing the whole lifecycle of software and
hardware inventories. You may optimize asset management costs while decreasing risk if you
have a robust CMDB in place. It is a cutting-edge solution that enables your company to boost
profits, decrease risk, and, perhaps most significantly, remain far ahead of others in the market.
We recognize that utilizing cutting-edge innovations and platforms such as the ServiceNow
Platform will be critical for future business growth.