Excellent breakdown of the asset classification and management strategy. Your detailed approach to identifying, classifying, and managing assets is comprehensive, covering all crucial aspects from ITAM integration to privacy protection. This level of detail helps in pinpointing responsibilities and ensuring that all assets are accounted for and properly managed under the respective departments. Your plan also suggests a robust structure for change and configuration management, which is key in maintaining system integrity and compliance.

How can the company ensure continuous compliance with the privacy policy you proposed, especially in dynamic environments where regulations may change?