![Person watching the video of other participants in an online meeting](https://www.lumavate.com/media/webp/AdobeStock_624180547_blog-webp.webp)
Feb 24, 2024
What Is a Digital Asset Management Plan?
A Digital Asset Management plan outlines the steps your company must take to successfully implement a digital asset management strategy and DAM tool.
![Two people coding on a desktop computer.](https://www.lumavate.com/media/webp/coding-5-webp.webp)
Feb 24, 2024
What Tools Are Used in Data Management?
Enterprise organizations that choose to implement Master Data Management (MDM) will often purchase an MDM tool that provides a single view of all master data.
![Person working on multiple files on laptop computer](https://www.lumavate.com/media/webp/AdobeStock_432482157_blog-webp.webp)
Feb 23, 2024
Is Dropbox a DAM System?
Short answer: no. Dropbox is a file management solution not a true Digital Asset Management (DAM) system. Most companies need a DAM solution for their business.
![Business team using sticky notes to brainstorm](https://www.lumavate.com/media/webp/AdobeStock_163750731-1-webp.webp)
Feb 23, 2024
What Are the 4 Major Elements of a Product Strategy?
The four major elements of a product strategy are an overview of the market, ideal customer profile definition, product vision and roadmap, and customer input.
![Person working on multiple files on laptop computer](https://www.lumavate.com/media/webp/AdobeStock_432482157_blog-webp.webp)
Feb 22, 2024
What Is an Example of Master Data?
Master data is business-critical data such as customer data, product data, employee data, and more. It can include customer names, addresses, SKUs, and more.
![Team deliberating over inbound marketing channels](https://www.lumavate.com/media/webp/which-type-of-inbound-marketing-is-for-you-webp.webp)
Feb 22, 2024
What Is the Role of the Product Team?
The product team has overall responsibility for the product strategy and implementation of the strategy for a specific product or product category.
![Two people reviewing a digital experience on screen together](https://www.lumavate.com/media/webp/AdobeStock_621273253_blog-webp.webp)
Feb 21, 2024
What Is the Master Data of a Product?
Master data of a product typically refers to the product name, SKU, key features, description, bill of materials to manufacture the product, and more.
![Woman working on her laptop.](https://www.lumavate.com/media/webp/pexels-photo-267569-webp.webp)
Feb 21, 2024
What Is an Example of a Product Strategy?
A product strategy is a detailed document that outlines the market landscape, ideal customer profile, product vision and roadmap, and customer feedback.
![Young Man Using Laptop At Home](https://www.lumavate.com/media/webp/AdobeStock_84423276-webp.webp)
Feb 20, 2024
What Are the Three Components of Master Data Management?
The most common master data is customer, product, and financial data. Some companies also include employee, location, materials, or supplier data.
![Individual working on a laptop with overlay of connected paths on the image](https://www.lumavate.com/media/webp/AdobeStock_625746423_blog-webp.webp)
Feb 20, 2024
Why Do You Need a DAM?
Every company needs a Digital Asset Management (DAM) solution to manage all of the company's digital assets. Learn about the benefits a DAM provides.