Asset management in IT resources refers to the systematic process of overseeing and optimizing an organization's hardware and software assets. This includes tracking inventory, managing licenses, ensuring compliance, and optimizing resource allocation. Effective asset management helps in reducing costs, enhancing productivity, and minimizing risks related to asset obsolescence or security vulnerabilities. It provides a clear view of the total cost of ownership and assists in decision-making regarding upgrades or replacements. In an increasingly digital landscape, robust asset management is crucial for maintaining operational efficiency and supporting strategic goals.