Is Media Asset Management about cutting costs or adding value?
As money makes the world go around, it's always coming up as a pivot point for decision makers.
When you try to sell your software solution to a (potential) customer, you need to come up with some hard facts in this area as well.
But where are the strong points of Media Asset Management? Is cutting costs more important than creating value?
Germans try to compare everything with soccer and here's my try: a keeper catching every ball doesn't win the game for his team - he just avoids losing the match. It's the striker who's roling in the points.
Same in cutting the costs: ultimately: just stop using media assets alltogether and you'll cut every expenditure down to zero.
The interesting story in Media Asset Management is, in my point of view, shifting costs, gaining efficiency and creating new value.
Yes, every dam solution helps you to find assets whenever you search for them. So you save extensive effort in retrieving this asset. And of course you produce further costs in using this asset.
And that's where a lot of dam strategies end flat out.
A sustainable dam strategy should concentrate on exactly that: sustainability.
Media assets are not liabilities, they are business opportunities.
Open up the archives to every user, who can potentially create value from your media assets. Use simple technology to give your expensive images a new audience.
Don't hide your packshots in archives. Whatever is published is already out on Yahoogle, but you decide whether google images shows a crappy or a brilliant pack shot.
You decide, whether your product makes a compelling visual impression - all over the internets, or people have to use crappy digital photographs to talk about your product.
... read more stories on the topic brand management
Cut costs and add value: why the trade-off?
Media or digital asset management constitutes a business strategy -- a way to more effectively marshal or direct resources for competitive advantage.
MAM or DAM enhances competitive in four ways:
-- reduced costs from elimination of duplicated work (because someone could not find a reusable item)
-- faster time to market with visual merchandising support, marketing content, and rich media; faster time to market increases the net number of days to product-sales life cycles, producing incremental revenues and profit
-- greater agility in reacting to short-live marketing opportunities; if a salesperson needs to make a pitch or sale, having needed media at his or her fingertips creates advantages
-- greater marketing effectiveness or levels of customer engagement, enabling regional marketing manager to use more appropriate, less strange images and photos in ads, mailers, in-store merchandising, etc.
As a business strategy, MAM or DAM should achieve all four aims -- some more or less depending on the nature of the business
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