Asset management

📦 Asset Management: Complete Overview
📌 1. What is Asset Management?
Asset management is the systematic process of developing, operating, maintaining, upgrading, and disposing of assets cost-effectively. It aims to maximize the value derived from assets over their lifecycle while minimizing risks and costs.

Assets can be:

Physical (equipment, buildings, vehicles)

Digital (software licenses, digital media)

Financial (stocks, bonds, portfolios)

🧩 2. Types of Asset Management
Type Description
IT Asset Management (ITAM) Tracks hardware, software, licenses, and usage
Fixed Asset Management Manages physical assets like machinery, furniture, and tools
Digital Asset Management (DAM) Organizes digital media like images, videos, and documents
Enterprise Asset Management (EAM) Manages assets across large organizations, often in industrial sectors
Financial Asset Management Involves investing and managing financial portfolios