What is the difference between an artifact, an asset, and a component?

Artifact ASSET component difference
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What is the difference between an artifact, an asset, and a component?

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KURT GURU

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An artifact is any item produced at some point during the software development life cycle. An asset is an artifact that is recognized as having a particular value. A software component is a clearly delineated piece of software that performs a useful function within a software system.

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