An IT asset is defined as any financially valuable component that can contribute to the delivery of a service. IT assets include hardware, software, data, and other resources that an organization uses to deliver value to customers.
PRODUCT: A configuration of an organization's resources designed to offer value for a consumer
CONFIGURATION ITEM: Any component that needs to be managed in order to deliver an IT Service.
IT ASSET: Any financially valuable component that can contribute to the delivery of an IT product or service
EVENT: Any change of state that has significance for the management of a service or other configuration item
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