What is Asset Management?

Asset management refers to the systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply to both tangible assets (such as buildings, equipment, and infrastructure) and intangible assets (such as intellectual property, brands, and data). Asset management is commonly used to track, maintain, and optimize the use of assets, reduce operational costs, ensure regulatory compliance, and make informed investment decisions.