Poor asset management could undermine business integrity

Risking Business Value

Growing risk awareness and an increasingly dangerous business environment may have prompted an increasing number of companies to invest in disaster recovery (DR) as part of the business continuity program – but how safe is that investment?

Just what, indeed, is being recovered? Few organizations have real insight into the true extent of their corporate assets. In fact, on average, upwards of 50% of assets on the register cannot be located.

Not only does this challenge the validity of the DR solution but it also raises huge questions in the event of an insurance claim. Without excellent, up-to-date information about asset type, value and location, an organization may feel unsure in its business continuity investment.

Given the growing acceptance that business continuity is an essential component of 21st century business, many companies are willing to compromise that investment from day one by failing to retain control over essential fixed asset information.

Up next: Fixed asset management is a fundamental business process