{"id":342,"date":"2026-02-23T20:29:23","date_gmt":"2026-02-23T09:29:23","guid":{"rendered":"https:\/\/www.hashmicro.com\/au\/blog\/?p=342"},"modified":"2026-05-22T13:14:01","modified_gmt":"2026-05-22T03:14:01","slug":"asset-lifecycle-management","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/au\/blog\/asset-lifecycle-management\/","title":{"rendered":"What is Asset Lifecycle Management and Why is It Crucial?"},"content":{"rendered":"

Businesses often treat assets as static items on a balance sheet instead of resources that change over time. This creates \u201cghost assets\u201d, where equipment still appears in records even though it is missing, damaged, or no longer usable.<\/p>\n

A recent study by Kroll found that around 10%-30% of assets listed are ghost assets<\/a>. Asset Lifecycle Management (ALM) helps businesses reduce these inefficiencies through better visibility and control.<\/p>\n

This guide explains how ALM works, including its stages, management approaches, and the impact it has on operational performance.<\/p>\n

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