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Trends: Digital Asset Management



By CIOinsight


  Table of Contents:
  1. Trends: Digital Asset Management
  2. ' Getting Organized '
  3. ' Booster Shots '
  4. ' Resources '
  5. ' Doing More With Less '

Amid increasing pressure to cut costs and carve out efficiencies, a growing number of companies are digitizing their information assets. CIOs at a variety of companies from Martha Stewart Living Omnimedia to AstraZeneca pharmaceuticals are using digital a

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Trends: Digital Asset Management - ' Doing More With Less '


( Page 5 of 5 )

Doing More With Less

How early adopters are using digital asset management software to help boost the bottom line


BBDO North America
ProblemSolutionPayoff
Getting multiple approvals for rough cuts of TV commercials or print ads could take several days—longer if couriers lost or delayed materials in transit to clients and execs around the globe. A DAM workflow program called "The Screening Room" lets BBDO creative personnel and executives share and distribute rich media, including sound, video and photographs, in minutes. The Manhattan office reduces courier costs by more than $500,000 and cuts to hours from several days the review process for 25 clients.
Worldwide Retail Exchange
The Exchange's 63 member companies spend months of staff time and millions of dollars sending physical copies of photographs, story boards, concept designs or packaging samples between headquarters and different internal divisions or outside business partners. Retailers and suppliers store product photos and corporate logos on a secure WWRE DAM site, with access privileges granted to business partners, such as grocery stores, textile manufacturers and retail outlets, to improve collaboration. DAM cuts the work required to days from months, and speeds the impact of promotional campaigns in targeted markets. It also saved client companies $600,000 last year by creating a centralized repository for creative assets.
Astrazeneca PLC
Redundant and outdated information on the U.K.-based pharmaceutical company's 170 public Web sites and 1,300 intranet sites confused client physicians and staff members. DAM helps the company standardize its marketing message across sites, better manage its online content and digitize millions of offline documents to help bring new drugs to market faster. DAM cuts in half the time it takes to manage and prepare digital content, for annual savings of $50,000 per Web site, and enables AZ to stream infomercials to doctors over the Web.
TUI UK
Sales brochures for various travel destinations and packages sometimes contained outdated price and availability information. A DAM system organizes the travel company's 65,000 images, arming travel agents with up-to-date travel-package information to help them sell more to clients. TUI UK now produces all publications internally, saving thousands of dollars in production costs and helping the company's 1,000 agencies serve clients better.
Martha Stewart Living Omnimedia Inc.
A need to track the company's 93,000 assets, followed by a companywide cost-cutting initiative, required business units to become more efficient and productive. A DAM program lets editors reuse content—from recipes for bundt cake to photos of roses—and will soon help the company sell customized, packaged bundles of content to individuals on demand. Estimated savings so far of $1.5 million, with annual savings of up to $7 million predicted by analysts, plus potentially millions in revenues once its customized-content subscription strategy is under way.


 
 
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