Which element is NOT typically considered part of asset management?

Asset management encompasses a range of activities aimed at overseeing and managing a company's physical and digital assets. This includes the identification of assets, which involves cataloging everything the organization owns and understanding its value and purpose. Tracking asset age is also a crucial component, as it helps in assessing depreciation and determining when an asset may need replacement or upgrades. Regular asset auditing is important to ensure that all assets are accounted for, properly maintained, and aligned with the organization's records and policies.

Deploying software patches, while a critical aspect of software maintenance and cybersecurity, falls under IT security and maintenance tasks rather than asset management. This activity focuses on updating software to protect against vulnerabilities and does not directly pertain to the overall management and lifecycle of physical or digital assets. Therefore, it is the element that doesn't align with the core functions typically associated with asset management.