Asset management is the strategic process of tracking, maintaining, and optimizing an organization’s assets to maximize value and performance. By managing both physical and digital assets, businesses can improve efficiency, reduce costs, and extend asset lifespans. Effective asset management includes real-time monitoring, maintenance scheduling, and data analysis to support informed decision-making. Through asset management, companies can identify underutilized resources, forecast asset needs, and enhance overall operational resilience. This process often includes compliance with industry regulations, ensuring that assets meet quality and safety standards. With today’s advanced technology, asset management systems also integrate seamlessly with financial and operational systems, offering a holistic view of asset health and value. Asset management ultimately enables organizations to allocate resources strategically, align assets with business goals, and drive long-term growth and sustainability.