Trillion-dollar dotcoms get trillion-ized by not carrying inventory. Wall Street creates “products” by packaging things that were NOT provided (payments due). Employees bring their own devices. Lines-Of-Business grab what they want from the external Everything-As-A-Service buffet. And obsession with innovation, fueling the pace of change, makes almost anything in hand at risk of being “obsoleted” far sooner than was ever projected.
Story after story, being in charge of Stuff is an authority that has fallen on hard times.
Or not… A division of Needs has simply taken over from a division of Belongings, and the solutions to Needs are more clearly and vigorously attached to how things are obtained instead of what things are already in hand. It’s a natural evolution, allowed more speed and prominence by technology having finally gotten us past institutionalized scarcity.
It doesn’t mean, however, that assets have just gone away. It does mean that Resourcing is the big issue, and that managing assets is a requirement of resourcing. Resources are assets that have been given an operational assignment. Resources are derived from assets.
This takes place in three interesting scenarios, summarized in the chart here, and detailed in the document linked below it.
For a full description of why and how resourcing is the lead POV on asset management, see Assets as Resources in the Next Normal.
The provided logic, and the objectives of resourcing, explains how assets apply to innovation, XaaS, collaboration, “freemiums”, services, and many of the other defaults that have collectively and concurrently become “the next normal” of production.