ASSET MANAGEMENT for the enterprise and business
McKinsey reveals that the COVID-19 situation in 2019 played a crucial role in the growth of the digital industry market. The survey indicates that businesses increased the use of digital services in their management by up to 20% (rising from 35% at the end of 2019 to 55% in 2020), responding to the "new normal" way of life. Moreover, McKinsey predicts a continuous upward trend in the growth of the digital service market in businesses from 2021 to 2027.
Thailand is one of the surveyed countries that has shown growth in the digital service market within organizations. This growth is attributed to the development of digital business practices, with software services contributing to a 39.7% increase in revenue in 2021. Moreover, 95% of Thai organizations that made adjustments during the COVID-19 situation are planning to continue using these services in the future.
What does this information imply?
The data indicates significant growth in the Digital Service market resulting from organizations' business practices becoming more digitalized. This suggests that incorporating technology into business management is a practical solution to address internal challenges and should not be overlooked.
In the realm of digital services, Enterprise Resource Planning Software (ERP software) plays a crucial role in enhancing the efficiency of organizational data and resource management. In ERP, “ASSET MANAGEMENT” takes center stage. It's not just a procedure; it's a linchpin for effective organizational administration. Investing strategically in a suitable Asset Management Solution is optimizing time and financial resources compared to conventional manual asset management procedures.
What should your business do next?
🏢 If you are a large enterprises: 🏢
Large organizations play a crucial role in the economy and society, driving the growth of the digital transformation market trend. Efficient asset management and effective planning are necessary for these complex and sizable operations. Utilizing advanced tools like ERP software can streamline management systems and enhance data analytics capabilities.
Investing in ERP software is worthwhile for large organizations to manage assets effectively and benefit from future growth.
💒 If you are a Small or Medium-sized Enterprises (SMEs):💒
SMEs contribute significantly to the economy, accounting for 99.57% of businesses and creating jobs for over 12.6 million people, making up 71.86% of total employment. SMEs are particularly inclined towards using ERP systems due to limited manpower, which allows these solutions to assist in efficient organizational management. Proper asset management planning is crucial for SMEs to accommodate future asset and personnel growth.
House of Dev Technology's Focus and Goals:
At House of Dev Technology, we recognize the trends of growth and have been developing solutions to preempt asset management challenges within organizations for a considerable period. We view internal Asset Management as indispensable for businesses of all shapes and sizes. They facilitate the systematic arrangement of assets and information, leading to increased overall efficiency.
Therefore, our commitment is to create a comprehensive Asset Management solution that caters to the diverse needs of organizations of all sizes. Our mission is crystal clear: to become the go-to System Manager in Asset Management, pioneering innovative solutions. We aim to empower organizations to thrive and reach their full potential.
References;
DEPA,2022
Office of Small and Medium Enterprise Promotion (OSMEP)
Krungsri research