Digital Asset Management System Examples

What Is an Example of Digital Asset Management?

In approaching Digital Asset Management examples, it is of course important to first understand just what digital assets are. While the term "digital assets" has become increasingly ubiquitous, knowing exactly what it means is crucial for businesses in today's world. Digital assets represent a wide range of electronic content integral to communication and marketing strategies. These assets include a wide range of formats, including images, documents, video file, and audio files. As the backbone of digital operations, these assets play a fundamental role in shaping brand identity, engaging with audiences, and conveying information effectively across various online platforms.

What Is a Digital Asset and Examples?

Digital assets are essential for any company in today’s world. These assets are not just confined to large organizations but are created by businesses of all sizes. Some digital asset management examples include:

  1. Product Guides (PDFs): Comprehensive documents that provide essential information about a product. They help potential customers understand what the product is, how it works, and its specifications. This can be crucial in the decision-making process, helping customers compare different products and decide which one fits their needs best.

  2. Product Images: High-quality images allow customers to visually inspect the product. This is especially important for online shopping where physical interaction is impossible. Good product images can enhance the attractiveness of the product and can be a determining factor in the purchase decision.

  3. Specification Sheets: These sheets provide detailed information about the technical aspects of a product. They are used by sales teams to highlight the features and benefits of a product and by customers to assess technical compatibility with other systems or requirements they may have.

  4. How-To Videos: Visual content is often more digestible and engaging than written content. How-to videos can guide customers through the setup, use, and maintenance of a product, which enhances customer satisfaction and can reduce the burden on customer service teams.

  5. Troubleshooting Guides: When customers encounter issues, they often look for quick solutions online. Troubleshooting guides are vital to help customers solve common problems without the need for customer service intervention, which can save both the customer and the company time and resources.

  6. Owner’s Manuals: These manuals provide in-depth information about product features, use cases, maintenance schedules, warranty information, and more. They are a go-to resource for customers who need to understand the product they own thoroughly.

By having digital assets well-organized and accessible, a company can not only streamline its internal processes, it can also boost brand reputation and customer loyalty, improving every facet of the company overall.

What Is an Example of a Digital Asset Management System?

Digital Asset Management System examples would include a system that allows for the storage, organization, retrieval, and sharing of a company's digital assets. These assets include documents, images, audio, and video content. A Digital Asset Management (DAM) serves as a centralized repository that facilitates efficient management of digital files, often by the marketing team. But it's useful far beyond marketing, as its resources can be leveraged across many departments including sales, customer service, as well as by channel partners. The goal of a DAM system is to enhance the accessibility and control over the company's digital resources. This streamlines workflows, ensuring brand consistency, and optimizing the use of digital content across the entire organization.

What Does Digital Asset Management Software Do?

With so much digital content, Digital Asset Management tools provide a single location where assets are organized and easily accessible. This can be crucial for maintaining brand consistency, as it allows companies to make certain only brand approved digital assets are used across departments as well as by external partners. Having all digital assets in a single location can greatly decrease the time it takes an employee to access the needed asset as they go. The majority of companies report a significant increase in team productivity after implementing digital asset management platforms. This makes a DAM not just an organizational tool, but a strategic business resource that gives a company better control over both its digital content as well as internal and external operations.

Digital Asset Management Tools Examples

A Digital Asset Management (DAM) system has many advantages for any marketing department, as it offers a wide range of benefits designed to streamline efficiency. Here’s how:

  1. Centralized Storage: DAM systems provide a single location for all digital content. This centralization is key for managing various types of content across different departments and for consistent use of marketing materials.

  2. Enhanced Searchability: Assets within a DAM are tagged with metadata, making it much easier to find what you’re looking for. This could include tags for the type of content, the campaign it’s associated with, or any other relevant descriptors. It saves time and reduces the frustration of sifting through disorganized files.

  3. Access Control: DAM systems offer control over who can access what. This ensures that team members, agencies, and partners can only see and use the content they are supposed to, maintaining brand integrity.

  4. Dynamic Updating: When an asset is updated in the DAM, it automatically updates everywhere it’s used, including to websites and in digital catalogs. This makes certain all marketing channels are using the most current asset, maintaining consistency in brand messaging.

  5. Brand Portals: Many DAM systems allow for the creation of brand portals, which are curated collections of assets that can be shared externally. This is useful for making certain that external partners like agencies and channel partners have access to the latest, approved content.

A DAM leads to a more cohesive and effective marketing strategy.

Best DAM System

Choosing the right Digital Asset Management (DAM) solution is crucial for effectively managing your company’s digital content. To choose the best DAM system, consider these key questions:

  1. Problem Identification: What is the primary problem we're trying to solve with the DAM? Clarify the primary challenges you aim to address with the DAM. Are you looking to improve efficiency, ensure brand consistency, enhance collaboration, or all of the above?

  2. Volume and Variety of Assets: How many digital assets do we have and what types are they? Assess the quantity and types of digital assets you have. The scale of your library and the content types — images, videos, documents, etc.— will influence the DAM features you need.

  3. Taxonomy Structure: How will we structure the taxonomy of our digital assets? Determine how you'll categorize and tag your assets. A clear, logical taxonomy is essential for retrieval and organization. Consider the metadata structure that will make sense for all users.

  4. Integration Requirements: What other systems do you need to integrate with? Identify the other systems and software your DAM must work with, such as content management systems (CMS), customer relationship management (CRM) tools, and creative software.

  5. Usage and Access: Where and how will the digital assets be used? Evaluate where and how the digital assets will be used. Think about the user roles, permissions, and the potential need for external partners to access the DAM. Consider the user experience across different departments and locations.

By thoroughly answering these questions, you'll be able to narrow down your options and select a DAM solution that aligns with your business's needs, ensuring a more organized, accessible, and effective digital asset management strategy.

Digital Asset Management Companies in USA

The Digital Asset Management (DAM) landscape is diverse, with many big players making up top digital asset management systems with a list of Digital Asset Management companies including Adobe, Canto, Bynder, and Brandfolder. Each of these solutions has established a strong presence in the market.

Adobe is well-known for its comprehensive creative suite, and its digital asset management tool examples are considered very robust. However, they come with a higher cost barrier as well as longer implementation times. For businesses deeply integrated with other Adobe products, it might be a fitting choice, but the cost can be extremely prohibitive.

Canto and Bynder offer standalone Digital Asset Management solutions focused on asset organization and retrieval. They're designed to be part of a wider technology ecosystem, requiring integration with third-party solutions. If you’re wondering what does a digital asset specialist do? It is for digital asset manager software like this that requires assistance from agencies and developers to create comprehensive digital experiences.

Brandfolder emphasizes ease of use and brand consistency, with features that support sharing and collaboration. Like Canto and Bynder, it operates best in conjunction with other tools and services to round out the user's digital experience strategy.

In contrast to these DAM options, Lumavate presents an all-in-one solution that goes beyond traditional DAM capabilities. It integrates a full Product Information Management (PIM) system and Digital Experience Platform (DXP). This integrated platform approach allows for seamless built-in connections within the DAM, which can be a significant advantage for users seeking to streamline their digital asset management processes.

With Lumavate, digital assets can be swiftly linked with product records, facilitating a quick and efficient update process. This feature is particularly useful for businesses looking to maintain accurate and current product information across various digital channels. Additionally, the platform's design allows users to build and manage digital experiences without requiring extensive technical expertise, making it an attractive option for teams with limited development resources. This comprehensive, user-friendly approach makes Lumavate one of the top digital asset management companies.

Does Microsoft Have a DAM?

Microsoft SharePoint is often used by businesses for its file management and collaboration capabilities, especially those already using Microsoft Office products. But it is not a Digital Asset Management (DAM) system. Unlike a dedicated DAM, SharePoint does not offer the ability to tag content effectively for ease of search and use, nor does it support the automatic updating of files that are used in digital experiences outside of its environment. SharePoint also lacks functionality to create brand portals for sharing digital assets with external partners, which is a key feature of a true DAM. SharePoint does not facilitate the use of digital assets across various marketing materials, including digital experiences and product guides. While SharePoint may serve as a basic content repository, it falls short of the specialized asset management, organization, and distribution capabilities provided by a dedicated DAM solution.

Low-Cost Digital Asset Management

While you certainly won't be able to access Gartner Digital Asset Management Magic Quadrant with a low cost DAM system, there is a lot you can do. The cost of Digital Asset Management (DAM) solutions is highly variable, and generally based on the chosen solution and its features. Factors affecting the price include whether the system is on-premise or cloud-based. Annual expenses for DAM systems can span from $1,000 to upwards of $250,000. Lumavate stands out as a comprehensive Product Experience Management (PXM) platform incorporating DAM, Product Information Management (PIM), a Digital Experience Platform (DXP), text messaging, and a form builder, typically offering a 75 percent cost advantage over similar solutions. Plus, Lumavate maintains transparency by publicly listing its pricing online.

What Are Digital Asset Management Tools?

To create a DAM system, you'll want to follow a four-step process:

  1. Collect and organize all digital assets. Depending on where your assets are currently stored this task can prove to be the most difficult for some organizations.

  2. Set up the DAM solution, creating a tag structure for the organization. This generally requires a company to create a tag structure to organize digital assets.

  3. Add digital assets to the DAM and assign an owner to each. This makes certain that the correct person knows which assets they are responsible for.

  4. Train employees on how to use the DAM system.

What Is a Digital Asset Management Platform?

Who Owns a DAM

A DAM is usually managed by the marketing department, which is responsible for developing its content taxonomy and maintaining brand-approved assets. While various departments may access the DAM for content, it's also often shared with external agencies or channel partners.

What Is a Digital Assets Specialist?

A Digital Asset Specialist manages and oversees the DAM system, accountable for its operation, even as multiple users upload and access files. This role usually falls under the marketing department.

Best Digital Asset Management Tools

Lumavate stands out as a Product Experience Management (PXM) platform designed to assist companies in creating and managing digital product experiences. It features an integrated Product Information Management (PIM) system, Digital Asset Management (DAM) functionality, and a Digital Experience Platform (DXP). In addition to these core components, Lumavate offers text messaging services, a form builder, and over 40 integrations, positioning it as a multifaceted solution that serves the specific needs of manufacturers and sellers of physical products.

The platform is geared towards the effective management of product data and digital assets, enabling the creation and update of digital experiences that feature product information. It also allows for targeted text message campaigns and the collection of product or lead registrations. Lumavate's all-in-one approach, providing an array of tools in a single solution, is unique in the market, especially when considering its cost efficiency. It offers a breadth of services at a fraction of the cost of other platforms with less functionality, making it a compelling choice for businesses looking to maximize their investment in digital experience management.

Best Digital Asset Management Software

Implementing Lumavate starts simply with a 14-day free trial or a demo. Subscription plans are available from $499 per month to suit a company’s specific needs. After purchasing a plan, companies can be onboarded on the same day, allowing for full platform use immediately. Lumavate is designed for ease of use by marketers without the need for technical support. However, professional services are available for initial product data implementation if desired. Many companies launch digital product guides within days of starting with Lumavate and later expand its use for websites, sales resourcesevents, and more.

See Lumavate in Action

Meet with one of our experts to see how easy it is to centralize your product data, manage digital assets, and create digital product experiences. Trust us…you’re going to be wowed.