Digital assets have become a key part of our marketing arsenal. From video tutorials to e-commerce, businesses today have a plethora of digital assets. But managing these assets efficiently can be challenging. That’s where digital asset management (DAM) is the process of managing digital assets to ensure that they are available, secure and backed up. It also includes organizing files in a repository as well as understanding how best to tag, catalogue and find them.
The goal of DAM is not only to manage content but also create an environment where people can be more productive by working collaboratively with others on projects while maintaining security standards like data privacy legislation mandates or keeping sensitive information confidential .(or DAM) comes in. It’s a set of processes that help you manage your company’s digital assets. It helps you track your digital assets, organize them, and keep them organized.
If you manage digital assets for a living, you already know how valuable it is. In this article, you’ll learn some ways to optimize your digital assets. You’ll discover how you can use DAM to your advantage as a small business or a large enterprise.
What Is Digital Asset Management?
Digital asset management (DAM) is a term used to describe the process of tracking, archiving, and managing digital assets for businesses.
DAM is an essential part of any digital transformation strategy. It encompasses the management of existing and new digital assets, including software applications, websites, user-generated content, and e-commerce systems.
There are different types of assets that you will need to track, archive, and manage as a business. These include:
- A Digital content – Applications, websites, videos, and more that contain content
- Digital infrastructure – The hardware and software that supports your digital assets
- Digital assets – Assets that are located within your digital infrastructure
Why Is Digital Asset Management Important?
You might be asking yourself why you would need to optimize your digital assets. After all, what is the point of keeping your assets organized if they are not currently being used?
There are many reasons why you should invest time in optimizing your digital assets. These include:
Legal Compliance – Keeping your digital assets organized is essential when it comes to complying with regulations. You must track and archive your assets to prove that they comply with relevant laws.
Fraud Prevention – Digital asset management is crucial when it comes to preventing fraud. Unorganized digital assets make it easy for fraudsters to pose as legitimate businesses. This can result in lost revenue, stolen data, or both.
Brand Protection – Organizations want to protect their brands. This is why it’s essential to keep your digital assets organized and compliant. If your assets don’t comply with brand guidelines, you could face legal action.
3 Important Steps for Implementing Digital Asset Management
To get start, you’ll need to take some important steps. These include:
Determine What Type of Asset Management Framework You Need – There are a number of different types of digital asset management. The most common types include content management systems, software-as-a-service solutions, and handheld devices.
Determine Your Asset Types – Before you can start managing your assets, you first need to know what they are. This will help you understand the scope of the task at hand.
Build a Strategy – Once you know what needs to be done, you can create a strategy to get it done. This includes outlining the following elements: who will be responsible for the various aspects of asset management; and the processes to be follow; and the technology to be used.
3 Ways to Optimize Your Digital Assets
Now that you know what needs to be done, let’s take a look at some ways to optimize your digital assets.
File Type – Every asset you create should be save as a file in its appropriate format. For example, your e-commerce website should be save as an .HTML file, your marketing assets as .JPG or .PNG images, and your product descriptions as .PDF files.
Folder Structure – When it comes to your digital assets, it’s important to keep them organized. This means creating folders for each type of asset you have.
Organization – It’s not just about having files within folders; you also want to make sure you keep a record of which files belong to which project. This means keeping project-specific notes within the files themselves.
Digital asset management is a crucial part of any business’s digital transformation strategy. It’s important to make sure your assets are properly organize, saved, and compliant with relevant regulations. This helps to protect your brand and comply with the law.
If you’re interested in learning more about how your business can optimize its assets, contact us today at Virtanen Solutions. We’d love to help!