What is Asset management? Importance of Asset management | Asset management softwares.

In this video, I have discussed "What is asset management?" in an easy, animated way.
Asset management refers to the process of developing, operating, maintaining, and selling assets in a cost-effective manner.
Topics I have discussed are -
1. Definition of asset management.
2. Types of asset management - Physical asset management, Financial asset management, Contractual compliance.
3. Development of a Strategic Asset Management Plan.
4. Importance of Asset Management.
5. Benefits of automating asset management.
6. 5 popular asset management software - ServiceNow, Kissflow Finance and Operations Cloud, SAP ERP Suite, IBM Maximo, Oracle E-Business Suite.

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0:00 Introduction
0:57 What is Asset Management?
1:58 Physical Asset management
2:12 Financial Asset management Refers to the process of
2:27 Contractual compliance Streamlines processes like
2:54 Complete an asset inventory
3:27 Step 2. Compute life-cycle costs
4:30 Step 4. Exercise long-term financial planning
5:02 Enables a firm to account for all of its assets The process makes it easy for organizations to
5:20 Helps identify and manage risks
5:42 Removes shost assets
6:00 Improving compliance
7:19 1. ServiceNow
7:37 2. Kissflow Finance and Operations Cloud
7:53 SAP ERP Suite
8:14 IBM Maximo
8:31 Oracle E-Business Suite