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In 2003 Aberdeen Group conducted a study of 252 businesses on enterprise asset management (EAM) programs. Results from the study show initiatives that realize the highest return on investments (ROI) include: involvement from senior financial executives, successful breakdown of AM silos, and provisioning to the enterprise ample and strategic AM coverage.
Asset management is a comprehensive term and usually requires professional handling of the situation. There are many commercial asset-managing firms that offer services for administering various resources of the company.
Optimize asset use and manage all maintenance efforts involved by making assets as accurate, reliable, and efficient as possible. Reducing the demand for new assets and thus save money by using demand management techniques and maintaining current assets.
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For media and advertising agencies, creative products like artwork, videos and images are also digital assets. Specialized web-based asset management applications for these industry help media companies automate the process of viewing, publishing, maintaining, and marketing their multimedia gallery or store. Software product development companies use online asset management applications for electronic distribution and management of the digital products they have developed.
The tracking of the physical location of these assets, the ways which can be used to manage these assets, and accounting for amortizations, depreciation values and future resale values of these assets are also part of asset management.
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