Technology
Asset Governance in Technology
Technology companies face a unique challenge — assets are high in value, rapidly depreciate, and are dispersed across offices, remote workers, data centres, and client sites globally. Effective asset governance protects intellectual property, supports GDPR and data security compliance, manages hardware refresh cycles, and controls IT spend. Without a register, device sprawl leads to security vulnerabilities and unnecessary procurement.
Example Assets
| Asset | Approx. Value | Ownership | Location | Insurance Consideration |
|---|---|---|---|---|
| Laptops, Workstations & Monitors | £800–£5,000 per device | IT Department / Line Manager | Office, remote workers, on-site at clients | IT equipment cover – remote workers often excluded |
| Servers & Network Infrastructure | £5,000–£500,000 | IT Director / CTO | Data centres, server rooms, co-location facilities | Specialist cover – hardware refresh often not reflected |
| Mobile Phones & Tablets | £300–£2,000 | HR / IT | With employees globally | Gadget or business equipment cover – IMEI rarely logged |
| Development & Lab Equipment | £1,000–£50,000 | Engineering Lead | Offices or R&D labs | Often on general business cover – insufficient for specialist kit |
| AV & Conferencing Equipment | £2,000–£30,000 | Office / Facilities Manager | Meeting rooms across offices | Office contents – rarely itemised |
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