Definition: Intangible Assets Registry Management is an IT concept that involves the use of software or systems to track, manage, and optimize the use of an organization's intangible assets. These assets may include intellectual property, brand equity, customer relationships, and proprietary technology. Source: Investopedia Source reference: https://www.investopedia.com/terms/i/intangibleasset.asp Additional information: Intangible Assets Registry Management is crucial for businesses as it helps in the identification, valuation, and reporting of intangible assets which are not physically present but contribute significantly to a company's value. These assets can be anything from patents, copyrights, trademarks, brand recognition, customer lists, proprietary technology, etc. The management of these assets involves keeping a record of their existence, their ownership details, their value, and their lifespan. This information is vital for strategic planning, financial reporting, and decision-making processes within an organization. The use of IT in managing these assets makes the process more efficient, accurate, and reliable. Example: Examples of application include a software company using an intangible assets registry management system to keep track of its software patents, their value, and their expiration dates. Another example could be a marketing firm using the system to manage its client relationships and brand equity. In the financial sector, banks could use it to manage their customer data and proprietary algorithms. LOST view: OV-Digital Public Services Catalogue Identifier: http://data.europa.eu/dr8/egovera/IntangibleAssetsRegistryManagementBusinessService EIRA traceability: eira:DigitalPublicBusinessService ABB name: egovera:IntangibleAssetsRegistryManagementBusinessService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/IntangibleAssetsRegistryManagementBusinessService dct:title: Intangible assets registry management Digital Public Service