The acronym ITIL stands for Information Technology Infrastructure Library, which is the most recognized system for IT service management. For almost 20 years, since its creation, ITIL has been refined and changed scope in business and technology practices over the years. It provides a body of knowledge that can be helpful to achieve a particular standard. The description is to represent a better understanding of terms that come with ITIL. The overview here is to first understand the definition and fundamentals. The first publication of ITIL occurred in the 1980’s and made it one of the most used systems by organizations to provide IT service management (ITSM) processes. ITIL consists of the best processes and practices that can be adopted to provide excellent service management. The system provides effective service delivery at a cost-effective rate. There are different versions of ITIL released to meet the changing requirements of businesses. As it is termed, ITIL V3
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