The latest version of ITIL – ITIL 4 – was released in 2019 with a new focus and a different portfolio of IT service management (ITSM) guidance. For anyone interested in IT asset management (ITAM), a key difference was the inclusion of ITAM as a core ITIL 4 ITSM practice. If this IT management discipline is new to you, then ITAM can be described as the service management practice that helps you to maximize value, control costs, manage risks, support decision making, and meet regulatory requirements. In other words, ITAM is the practice that helps you to keep track of your IT asset estate, to ensure that the appropriate licensing is in place, and to maximize potential by managing assets from provision through to retirement. To help, this blog looks at the key guidance points within the new ITIL 4 ITAM practice.