How do we register assets

What is an asset?

In the past, an asset was defined as property owned by a company or individual that had value. There was once a clearer understanding of what things fall under this definition, but nowadays it seems that it depends more and more on the role you play in a company and the goal the company is trying to achieve.

White Paper - What is the added value of the Internet of Things for real estate and facility management?

The Internet of Things is one of the most discussed phenomena of our time. But what is the added value for real estate and facility management?

For example, when taking an accounting perspective, asset management typically revolves around the value that the assets represent on the balance sheet.

From a facility manager's point of view, however, things that fall into the “assets” category extend beyond the balance sheet and include any physical thing or item (large or small) that needs to be maintained or managed.

For example, I had a conversation with a facility manager at a bank who really broadened my perspective. When you think of a bank, you think of the traditional assets that need to be managed, such as: B. their real estate and ATMs so that the bank can provide its services. But talking to the facility manager, it soon became clear that he had to manage more things that went well beyond traditional assets and the role of spatial planning. He talked about the community events his bank supports and participates in and that he was responsible for the company's van, tents, and board games. He said that it is indeed the board games and the time he spends keeping an eye on them all that worries him most as a facility manager.

When you think of something that has value to a bank, board games aren't usually high on the list. But for this facility manager they are part of his responsibility. They take up his time and energy and have an impact on how he does his day-to-day work. In the traditional sense, the return on a board game is not liquid and does not have high value on the balance sheet, but it is an asset that needs to be managed and helps maintain a positive reputation for the bank.

Suddenly my view of assets changed. When asked, “What is important?” It becomes clearer about the different types of assets that need to be managed based on the industry, role, and company.

Management of "things"

One study points to this expanding list of things that now fall under the asset category. According to Gartner's research, long-lived “things” that were once considered trivial need to be managed and monitored. Gartner puts it this way: “This includes, for example, monitoring devices; are the devices still working, are they connected, and what is their battery status? "

Developments in new devices in the workplace, such as sensors that can measure the occupancy rate of a workplace or meeting room, fall under this category. As my colleague has noticed, rat traps with their technical innovations also fall under this category.

Organize your junk drawer full of assets

The industry is becoming increasingly aware that even these nontraditional "things" are becoming increasingly competitive, and it is exciting to see companies realize that managing and maintaining these types of assets can be time, effort and money to take.

As with your home junk drawer, businesses are trying to figure out the best way to organize these new categories and additions. When we recognize their importance, we are more creative and efficient in managing the workplace and the people and things associated with it - even if it is something as mundane as a board game.