I was recently speaking with a friend who has been promoted within her organization. She has been put in charge of a new business unit that is responsible for monitoring and tracking assets. Her primary responsibility is to maximize the value of the asset over its lifecycle. Asset management is becoming important for organizations. Extracting additional value and saving costs on assets can result in significant improvements to the bottom line. There is a large research component to her job description to investigate new and more progressive solutions.  

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