Information Technology Applications In Asset Management (IT in AM)

Asset intensive organizations are under intense pressure to achieve maximum efficiency of utilizing their asset. The winners will be those, which are able to make faster, better decisions in their competitive business environment. Information is crucial to the performance of these organizations as it provides the basis upon which asset managers make decisions. The need for faster and more systematic decision making has forced nearly all organizations to look for Information technology tools. Information technology consists of the tools used both to gain awareness of this information and to analyze the information for making the best decisions.This paper explores the importance of information, its uses and the current and future technologies that assist asset managers in informed decision making.

Keywords:

Information Teccnology , Asset Management , Decsion making