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Physical assets represent a significant investment for any business or organization. But beyond the intrinsic
value of an asset, the use and control of an asset may be just as important, if not more, when used for critical
functions. The loss or theft of any asset has financial implications for an organization and often the loss of
even a single critical asset can be crippling. Beyond loss, misplaced assets can expose an organization to
significant security impacts.
In today's competitive environment, companies need automated systems that can help provide accurate, real-time
information about the location and status of their assets, in order to operate efficiently and to effectively
safeguard against operational risks.
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Every company needs to take an inventory of its assets periodically for operational or financial purposes.
However, the task of taking inventory is typically a laborious manual process that is performed infrequently
and often incomplete. Data collection often involves human efforts to read labels or scan bar-codes and enter
the data into a system. This is a slow and error-prone process and often the data becomes obsolete right after
it is collected.
One common challenge faced by the industry is keeping track of mobile, shared or allocated assets.
An example of such a scenario could be laptops temporarily issued to users, or lab equipment checked out for
use by an employee. Companies entrusts their employees with the use of an asset in accordance with
company policy and expects it to be returned accordingly.
Some assets have little to no intrinsic value. However, their function as part of an important operation makes them
highly valued. For example, keys used in security situations need to be properly controlled and accounted for.
Physical evidence
in law enforcement needs proper safeguards to ensure against loss or tampering.
Automotive
Entertainment
Information Technology
Law Enforcement
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