Applications and Services Inventory Management

The Applications and Services Inventory Management function involves tracking and overseeing software, applications, and services within their IT infrastructure. Its key responsibilities include:
1. Cataloging Resources: Maintaining a comprehensive inventory of all software applications and services in use.
2. Licensing Tracking: Ensuring that all software license information is up-to-date
3. Cost Management: Monitoring costs associated with software subscriptions, renewals, and service contracts.
4. Asset Tracking: Keeping tabs on hardware and software assets to prevent misuse or theft.
5. Security Updates: Tracking software updates and patches to provide an accurate and up-to-date view of what is in use.
6. Reporting and Documentation: Providing accurate and up-to-date records and reports for decision-making and audits.