strategic asset management

Language: en

📖 Definitions

  1. The high-level planning and systematic management of an organization's resources—such as capital, property, human talent, and technology—to maximize value, optimize efficiency, and achieve long-term organizational goals.; The specialized process of managing information technology resources, including hardware, software, and data, to optimize their lifecycle, reduce costs, and mitigate operational risks.

💬 Examples

  1. The company's rapid growth was driven by its commitment to strategic asset management.

  2. Effective strategic asset management reduces system downtime and improves cybersecurity.