Before an IT Asset Manager decides to dispose of an IT asset, it may be a good idea to consider if it can be repurposed for a different use. Since IoT is growing in popularity and usage, people are finding ways to extend IT assets’ useful lives with creative IoT solutions and repurposing. While this increases the asset’s Return on Investment (ROI) and decrease its Total Cost of Ownership (TCO), it also saves the organization the money that would have been spent on a new asset that would have filled the role that the repurposed asset has taken.
The International Association of IT Asset Managers (IAITAM) is the largest organization providing education, certification and thought leadership to the management of IT as a business. IT Asset Management is the management of hardware, software, mobile and other technology to maximize the value to the organization.