Digital Asset Management

Counting the savings

Digital Asset Management is a common pressure point for businesses. According to GISTICS research, around $8,000 per head is spent every year on asset management activities such as searching, organising, backing up and protecting electronic images.

Creative professionals spend around 10% of their time on these tasks. Searching for digital assets takes up one third of this time. In a typical business, a creative person looks for a media asset or file 80 times a week and fails to find it 35% of the time. The GISTICS research ultimately shows that Digital Asset Management solutions will drop that figure to just 5%. Digital Asset Management can provide a huge improvement in efficiency, and a real reduction in cost.

Working more efficiently by design

There are further reasons to own and use a Digital Asset Management system. For example, formalising the process for retrieving images ensures brand consistency and means originators can qualify the context that pictures and assets can be used within. A file alone cannot do this if it arrives on a CD-ROM, but a Digital Asset Management system can log creator's notes in its database. When an image leaves the system, electronic audit trails provide accountability and eliminate duplication.

Using DAM implies using a workflow, and with that comes the ability to keep track and improve on how resources are used. DAM helps to build better collaborative environments, since it gives staff a simple means to share files over an extranet (for example, with clients and suppliers). Just that ability to provide works in progress safely encourages communication and better business relationships.