The office manager is a fast-growing profession that is mainly found in small and medium-sized enterprises (SMEs). This versatile person is responsible for ensuring the smooth running of the company by performing a wide variety of tasks: accounting, human resources, administration, management of office supplies, etc.

Every business aims to optimize its profit ratio. If we talk about the food and restaurant businesses, overall profit margins are not high. Therefore, restaurant businesses must utilize assets smartly, and efficiently. Most importantly, assets must be monitored continuously. If these activities are neglected, then business loss can occur. Hence it is important to design a loss-preventing strategy that needs to be applied.

Running a business is a herculean task as you have to keep an eye on all the aspects of the business. When you are into quick service resultant (QSR) it is important that all your assets and equipment are in good condition. However, lots of business owners ignore asset management activity as a result they face asset breakdown frequently asset performance is not up to the mark. The asset is not found when required.

As the renewable energy market continues to grow, companies need to invest in the long-term health of their green assets to keep them operational, generating new, cleaner energy. According to the allied market research, the global energy asset management market size was valued at $4.3 billion in 2021 and is projected to reach $12.4 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031.

The main purpose of ITAM software is to provide you with a complete and comprehensive inventory of your organization’s IT assets. However, narrowing this to technology leaves out non-IT assets, and prevents you from managing your stock cost-effectively. For that reason, it’s essential to build a non-IT asset inventory along with the hardware and software ones. This way, you’ll have a truly unified inventory to see your assets’ relations and act in consequence.

Mary Johnston Turner is Research Vice President, Future of Digital Infrastructure, at IDC. Cloud-delivered software, often referred to as SaaS (software-as-a-service) or simply as-a-service software allows customers to quickly test, buy and deploy modern business applications while simultaneously improving digital business agility.

As much as some IT admins may claim otherwise, using Excel for Asset Management is not a good idea. MS Excel is a powerful tool and has served analysts, accountants, finance personnel, the logistics team, and even IT admins ever since its inception. It has become one of the most ubiquitous office software ever since its initial release. Of late, Google released Sheets, a product similar to Microsoft Excel, as a potential competitor.

Cloud adoption has grown in recent years. From organizations developing a cloud-native strategy to those focused on cloud migration, there are many different ways to consume the cloud. No matter the reason for choosing the cloud or how organizations get there, many overlook one critical piece of the puzzle: cloud asset management. Have you been frustrated by figuring out what you have deployed in what cloud? If so, you're not alone. Let's examine why this is so important.

Service mapping is an essential tool for IT service management, as it allows you to gain a clear and comprehensive understanding of the various components and dependencies that make up their IT services. Service mapping focuses on discovering data center devices, infrastructure, application dependencies and the corresponding relationships. This enables your organization to manage and optimize their IT operations, improve service delivery and more effectively reduce disruptions and outages risk.

The mining industry uses a variety of tools and equipment – both IT and non-IT – in its everyday activities. From drills and equipment to work down the mines to computers and software to run its operations, it handles a wide range of assets in decentralized locations. Thus, implementing asset management in the mining industry is not an option; it’s a must.