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Asset management refers to the process of tracking, cataloging, and managing control of an organization’s physical and virtual assets, such as hardware, software, data, and intellectual property assets, throughout their lifecyclepro.
Asset management is a critical component of IT. Seamless asset management can help businesses ensure optimal security of their valuable physical and digital assets and meet regulatory requirements. Assets involve various components, including hardware, software, databases, data stores, data warehouses, etc. Following are some of the most important reasons asset management plays an integral role in IT and cybersecurity.
Asset management comprises various primary components:
Asset tracking and inventory are two of the most critical aspects of asset management. IT teams can consider the following best practices.
There are many challenges related to effective asset management, such as shadow IT, as mentioned earlier. Employees may use tools, services, or applications that are not approved, authorized, and monitored by the IT team. To reduce the problem, clear usage policies must be formulated and implemented, educating employees about the risks posed by these shadow IT assets and how to request approvals before deploying any unapproved resources. Asset security posture management is essential for ensuring that all the assets in the environment are accounted for and configured properly. However, data security posture management should also be given equal significance as it enables security teams to protect the sensitive data within those assets.