Asset Management Database Design Key Terms

Learn the lingo of asset management database design

All companies need to properly manage their assets if they want to remain profitable. An asset management database helps business owners to keep track of assets and their values. Whether you are new to database design or you just want to understand what your designer is talking about, it's important to know a few key terms related to the field. This will ensure that you create an asset management database that works for your company's needs.

Remote data storage and retrieval

In some cases, business owners may want to be able to store and retrieve their data remotely, or off-site. This is an especially good idea for backup in case the primary computer system is destroyed. Additionally, remote data retrieval and storage allows employees to work with the database from any location.

Microsoft Access

Microsoft Access is a database program that is popular with database designers. Companies that are creating an in-house solution may want to consider using Microsoft Access.

Out of the box

An "out-of-the-box" software solution is one that you can use immediately after installation. While the person using the software may require some training on how to use that particular program, they will not need to have programming knowledge. An asset management program that is out of the box will be fairly easy to use.

Customizable

While some companies prefer a ready-made solution for their asset management database, others prefer one that is customizable. This means that the company can alter the program and fields to suit their particular needs.

Asset types

When designing an asset management database, most businesses want to classify their assets. A company may have different types of assets, such as physical assets, data assets and assets from financial investments. Classifying assets within your database allows you to see which areas are most profitable for your business.

Data tables

Databases use data tables to store information. Once you have collected information in a table, you can then map that information with data in other tables. It is a way of organizing your data.

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