The business productivity of any enterprise is invariably tied to how well its key physical assets are being managed. Knowing what is available, where it is at any given time and what its operational status is, are all critical elements that have a direct impact on the bottom-line. Presently, companies face many issues that make it hard to effectively track their assets.The reason companies face the above problems is because often data about their assets may reside in silos of data across the enterprise in databases, applications and even spreadsheets. Keeping all the data updated across the repositories, takes too much time and effort. Ultimately, this lack of up-todate asset data results most commonly in the inability to easily locate assets when they are needed and in the lack of readily available information about an asset's operational status when it is most needed. What is needed is a better way to keep asset location and status data up-to-date by aggregating and updating asset data from all the various repositories of asset information that may exist in an enterprise.
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