Abstract
Fixed assets management through digitalization has been always been a matter of concern for public organization, especially organization as strategic and important like Ministry of Interior, in the United Arab Emirates. Since there are huge assets procurement, its management and control keeping has been a daunting task always. The purpose of this research is to evaluate the influence of internal control through assets management’s digitalization. To carry on with the research work a survey questionnaire was designed. A structured questionnaire was used to collect data and SPSS was used to analyse them. From the finding of the survey it was observed that the pace of digitalization was not so fast moreover the control on the assets tracking system at times was difficult as the ministry deals with very sophisticated tangible equipment’s. Well, after examining the evaluation of fixed assets management through digitalization, a study on ministry of interior in UAE – the first objective of the study, it is seen that yet the application of the assets management through digitalization is not in that level so the performance is very poor. This study may inform managers of the importance of understanding the technology are a fundamental part of the business that requires its strategy. It may also have implications for the organization’s mentality towards internal factors concerning the technical systems.
Highlights
Asset Management is not a new field that has suddenly come out of nowhere; asset management activities have been carried out since utilizing capital assets started, such as power plants, ships, buildings, or any kind of production assets
Changes in technology and business environment mean that asset management is more important that before and has a new focus, among other reasons, because growing turbulence of markets, globalization and increasing competition, pressure for higher profitability, so Asset Management has become a new discipline and gradually has gained the attention in many places in the world
Digital transformation is a more holistic view, in that it focuses on digitizing and digitalizing and focuses on how to implement these changes throughout an organization. It engages the entire organization and the people that make up the company, rather than just the processes and the data that are part of the company
Summary
Asset Management is not a new field that has suddenly come out of nowhere; asset management activities have been carried out since utilizing capital assets started, such as power plants, ships, buildings, or any kind of production assets. Asset Management process is the set of processes aligning the development, operation and maintenance of assets, so as to meet the desired requirements and objectives of the shareholders in the organization. Called fixed assets in accounting literature, tangible assets are the physical things that a business uses in the production of goods and services. They constitute the production facilities, buildings, equipment, and vehicles. These operational assets of a business include furniture, computers, and similar items not used up within a year. Intangible assets are primarily financing items: stocks, bonds, mortgages, etc
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