The most critical business assets affect business performance. Ideally, your IT assets are working in harmony to help manage your inventory in concert with the management of your other critical assets.Īlmost everyone at your company would agree:
The inventory of your business’ products is just one set of the assets that provide the opportunity to operate as a commercial establishment. All assets, however, must be managed if a business is to succeed.Īsset management is sometimes confused with and related to, but different from, inventory management. Other resources may or may not be considered business assets as well, depending on the specific business. The growth of mobility and business use of personal devices continue to expand the definition of “IT asset” to include smartphones, tablets, smart watches, personal fitness monitors, etc.Īll of these are business assets, and each has its own critical level of importance and value.
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Any hardware, software or information your business uses can be considered an IT asset. To IT, assets range from servers to cloud-based services to Internet of Things (IoT) devices, such as “smart” speakers or breakroom appliances. To your human resources (HR) department, people are primary assets while your security team considers human (or robot) guards, keycard entries and firewalls, physical and software-based, as assets. Your business assets are of other forms too.
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