Asset management is a huge topic with many different facets. In this specification, the topic is intentionally rather left open, and for example, this specification does not define what is considered to be an asset. The intention of this specification is to define basic information modelling constructs that can be used and refined by companion specifications to domain-specific needs.

The specification does define specific use cases like the identification and discovery of assets, the access of the health status of assets, and the classification of assets. Section 5 describes those use cases addressed by this specification in more detail.