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What is enterprise asset management?

Technology Q&A

Enterprise Asset Management

What is enterprise asset management?

Enterprise Asset management is the process of managing all the physical and intangible/service assets of an organisation across departments, business units, locations and facilities. Effective Enterprise Asset management helps an organisation to reduce Capital Expenditure and Operating Expenditure related to assets. Enterprise asset management has been gradually virtualized by various organisations, leading to IT enabled centralized asset management.