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ITSM stands for IT Service Management. It refers to the processes and practices that organizations use to design, deliver, manage, and improve IT services to meet business needs. ITSM focuses on aligning IT services with the requirements of the business and emphasizes a customer-centric approach to service delivery. Key frameworks in ITSM include ITIL (Information Technology Infrastructure Library) and COBIT (Control Objectives for Information and Related Technologies).

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