1. A system adapted to manage assets in a predetermined environment, the system including: an identification (ID) device disposed on at least one of a specific asset or an equipment rack in which the specific asset resides; a mobile electronic device having: a processor having processor executable code; a display; a camera for obtaining an image of the ID device; a memory for storing asset information concerning a plurality of different assets; the processor executable code configured to determine in real time, from the image and the stored asset information, information pertaining to the specific asset; and the information being displayed on the display.