19 April - June, 2019 Digital Asset Management has been known for decades and it refers to the assets that exist in a digital format. In essence, it is a set of databases and infrastructure to collect, store, and process the digital representation of assets allowing users to search, identify and read assets data.The type and complexity of a digital assets range from a simple digital document, audio, image, or video file to any digital file representing physical devices such as sensors or machines. It also represents assets from a wide range of industries such as utilities, factories, transportation, buildings, consumer, wearable devices and vehicles, covering almost all things in our life.The number of digital assets types and classifications are exponentially increasing with rising technology advancement due to the digital economy era.So, what's new in this definition?The continuous evolution of new technologies, high speed wireless infrastructure, industrial and global social development are changing the way we currently do business, interact with each other and exchange values, either as individuals, organizations or even governments. Advanced implementations such as the shared economy, connected world, cloud services, digital twins, Internet of things, artificial intelligence, big data, connected society, machine learning are all together forming a new era of an industrial and digital economic revolution that is changing the future outlook of digital asset management.The majority of digital assets have a set of monetary value. Since digital assets represent a digitization of the elements owned by a user or an entity, assets value usually increases according to their usage. So, in general, the value gained from digital assets can be open for growth, depending on how far it can be re-used and shared to serve other entities. In other words, it can shift from a static, limited value to a shared, dynamic, limitless value.Internet of Things (IoT) has been emerging very strongly in the last few years as the largest global technology trend leading the changes for the connected ecosystem, with connected digital assets playing a major role in it.Digital Asset Management and IoT The innovation path from "Digits" to "Value"By Medhat Mahmoud, Sr. Director, Technology & Strategy, IoT Solutions, Huawei TechnologiesCXO INSIGHTS
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