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Showing posts with the label asset management

Why Does IT Asset Management Play a Vital Role in Data Security?

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  Data security is one of the most sensitive issues but still, lots of organizations ignore it. Whereas some organizations keep increasing the level of security. Data is the driving force for the organization. The establishment of a successful network safety technique is information about the climate. IT asset management (ITAM) empowers associations to know what resources they have and where they are found, guaranteeing that all resources are followed so they can be gotten properly According to  Statista , “The value of India’s data security market in 2019 amounted to over eight billion Indian rupees. This was estimated to reach 21 billion rupees by 2025. This marked a CAGR (Compound Annual Growth Rate) of over 16 percent between 2020 and 2025.” What Is Data Security? Data security is important for all organizations as technology is evolving so are hackers. It is an essential practice so that data can be protected from unauthorized access. Data is one of the most important ass...

What Are the Major Techniques for Effective Asset Management?

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Asset management is not a simple job. There are lots of aspects and factors that are important for effective asset management. Various asset management techniques can be beneficial for your business. Asset management plays a crucial role in maximizing asset life. IT resources have a limited time of utilization. To augment the worth an association can create from them, the IT resource lifecycle can be proactively overseen. Every association might characterize one-of-a-kind phases of that lifecycle, yet they for the most part incorporate arranging, obtainment, arrangement, support, and retirement. A significant piece of IT resource the executives is applying measure across all lifecycle stages to comprehend the all-out cost of proprietorship and enhance the utilization of resources. In this blog, you will know asset management techniques that are helpful in business growth. But first, let us know what asset management is! So, let us begin! What Is Asset Management? Asset management is th...

Asset Management Trends: You Need to Be Aware of in This Era

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In this world when technology is influencing every individual industry must also utilize it to solve issues. Technology such as asset management software can play a crucial role in improving the daily operation of the business. Asset management software has been very useful to organizations as it helps improve operations and increase productivity. However, as technology is improving with that asset management software is also improving. According to  Statista , “The global market for fixed asset management software is forecast to grow from 3 billion U.S. dollars in 2019 to 5.2 billion U.S. dollars in 2024.” As the market for asset management software is booming, here are asset management trends. Asset Management Trends For Organizations Also Read:  Importance and Best Practices for Physical Asset Management 1. Focusing on Maintenance Maintenance is one important aspect that cannot be ignored. Several organizations utilize this software in order to improve maintenance activitie...

A Simplified Approach to Asset Maintenance Software

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  Asset maintenance is an essential part of an organization. If you keep your assets maintained, then your assets will perform better, and a better outcome will be generated. If you don’t keep them maintained, the chances of breakdown will increase, and maintenance expenses will increase. Furthermore, your business operations will be hindered as well. That is why asset maintenance software is significant for all asset-intensive organizations. According to  Statista , “The distribution of scheduled maintenance in the manufacturing industry worldwide in 2017. As of that time, 34 percent of the respondents reported spending 30 hours or more in  plant maintenance .” What Is Asset Maintenance Management? How Does Asset Maintenance Software Help? Asset maintenance management is mainly done to manage the maintenance tasks, maintenance scheduling,  maintenance expenses , ensuring that  spare p a rts available  are essential. The process of asset maintenance enhance...