Today, organizations need the functions of technology and software to make their work efficient operating successfully in the market. The IT assets of a company require significant financial investment and proper management. Companies must have a way to manage, control and safeguard their IT assets as they possess information crucial to the business and the customers. Most IT assets and devices are used and kept at remote working locations. It’s also crucial that any risk connected with deploying and using these IT assets be appropriately managed. While there is an emphasis on proper ITAM to avoid any issues and interruptions within the business operations, the company must consider the following challenges. It is essential to understand the challenges that come with ITAM so that companies can address them effectively.