ITAM is a set of business practices that combines financial, inventory and contractual functions to optimize spending and support lifecycle management and strategic decision-making within the IT environment . An IT asset is classified as any company-owned information, system or hardware used in business activities . The IT asset management process typically involves gathering a detailed inventory of an organization’s hardware, software and network assets and then making informed decisions about ITAM . ITAM can be a subset of the IT service management (ITSM) process and is often a subset to the ITSM process . It can be used to help optimize spending, support and manage the lifecycle of ITAM lifecycle .API quota exceeded. You can make 500 requests per day.