IT asset management tracks and configures every server, router, switch, workstation, and printer. It cuts risk, but it takes real effort and coordination.
IT asset management is the ongoing work of knowing every device and application on your network, and keeping each one properly configured.
An accurate asset list is the foundation almost every other control rests on, from patching to incident response to audits. It also saves money by exposing licenses you no longer use and hardware you no longer own. Doing it well takes coordination, but everything downstream gets easier: once you know what you have, vulnerability management can tell you which assets need attention first.