Public and private organizations in many areas, such as healthcare, financial services, and the federal government, are subject to government regulations and cybersecurity audits that can’t be enforced without the help of IT asset management reports. For example, compliance depends on audit trails ...
asset management is an even more important part of an organization’s overall strategy and provides up-to-date information to reduce risks and costs. An asset management process creates a single source of truth when optimizing budgets, supporting lifecycle management, and making decisions that impact...
Fixed asset management: Most ITAM tools have a dedicated repository for managing fixed asset data. Fixed assets mainly include hardware. Digital asset management: This feature of ITAM software involves the management of digital rights and rich media (e.g., multimedia content like videos, music and...
Now we have started using the IT Asset Database to analyze your software patching status, you have the needed data to allocate resources to deploy patches and eliminate security risks.But don’t stop here, there is more.Often software license management is an aid to identify if sufficient soft...
For example, one very common form of asset management is financial asset management; it focuses on the management of money and investments. Similarly, enterprise asset management (EAM) is the process of managing and maintaining an organization’s physical assets throughout their lifecycle. ITAM, ...
Asset Management as a solution to an impending problem From 1998, the world began counting down to the potential disaster when the clock roll-over mid-night (00:00) from December 31st, 1999 to January 1st, 2000, known as “the millennium bug”, “Year 2000 problem”, or “Y2K”. Simply...
Example of an Asset Substitution Problem Imagine a firm borrows money, then sells its relatively safe assets and invests the money in assets for a new project that is far riskier. The new project could be extremely profitable, but it could also let to financial distress or evenbankruptcy. ...
IT security:AI can be used to monitor huge networks in real-time, looking for any potential security risks and performing vulnerability assessments Beyond detection, AI can be used to help resolve security issues, for example, triaging events and AI can be used to automate responses to common ...
Current Assets is always the first account listed in a company's balance sheet under the Assets section. It is comprised of sub-accounts that make up the Current Assets account.1For example, Apple, Inc. lists several sub-accounts under Current Assets that combine to make up total current as...
This policy includes procedures and protocols for effective organizational asset management, specifically electronic devices. It covers the end-to-end cycle of assets from acquisition, deployment, usage, maintenance, withdrawal, to disposal. It also covers usage in the instance of BYOD model. These po...