Professional Documents
Culture Documents
Digital Assets Compenents Good
Digital Assets Compenents Good
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PAGE CONTENTS
3 What is the business case for DAM in Content Marketing?
4 What types of digital files should management consider putting into an asset repository?
5 What distinguishes various types of digital assets?
6 What makes a computer file into a digital asset?
7 What is an enterprise asset repository?
8 What are the key functions of DAM to assist with marketing operations?
9 What are the key elements of workflow in a DAM?
10 What ROI payback model illustrates many of the difficult-to-quantify benefits of an IT investment, specifically DAM?
11 What differentiates the typical ROI for enterprise, departmental, workgroup, and desktop solutions?
12 What is one of the largest and most overlooked costs of a marketing operation?
13 What constitutes a marcom supply-chain?
14 What type of system will a firm need to automate the global delivery of marketing materials, sales presentations, and training to field staff and partners?
15 What is a multimedia presentation center?
16 What constitutes an enterprise solution for unlocking the value of digital assets?
17 How can activity-task automation speed final-form marketing content to market and lower costs, unlocking the full value of multipurposed digital assets?
18 How can the automation of just 18 common activities in marketing, production, sales, and training save $1,604,602 per year?
19 How can an agency account manager serving a large firm locate an ad spot, acquire client approval, and send it to production, saving $168,360 per year?
20 How can a marketing manager in a large firm acquire stock images and publish them to an extranet portal and corporate website, saving $32,760 per year?
21 How can a rights management specialist in a large firm clear all rights for ad footage used in a regional market, saving $252,480 per year?
22 How can a marketing manager in a large firm speed the distribution of media kits worldwide, using automation and web-based self service, saving $116,885 per year?
23 How can an inside salesperson in a large firm rapidly acquire sales presentations and videos for an online sales pitch meeting, saving $29,899 per year?
24 Who helped produce this white paper? Who is GISTICS? Who is WoodWing?
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BUSINESS CASE The markets include: For these reasons, many IT executives from media,
• Consumer products entertainment and publishing recommend that their
We define a business case as an investment analysis counterparts in general industry outsource media
that justifies a purchase decision. • Entertainment (movies, music, games)
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What types of digital files should management consider putting into an asset repository?
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INFORMATION Rows and columns of structured data Production data systems of • Customer records: Transactions, cases • Prerequisites of database hygiene and
conditioned and engineered for secure record, data warehouses, and • Product data: Sales histories, forecasts, trained information users
ASSETS presentation through a browser database information services pricing, inventories • Robust data typing schema (XML)
• Management information: Budgets, etc.
• Subscriptions, web analytics, etc.
IT ASSETS Assets including computing and MIS/IT departments of the • Metadata DAM solutions for IT assets:
communications equipment, installed firm as well as SaaS accounts • Installed or configured IT • Configuration management
software, capitalized professional or co-located equipment • Service-level agreements and policies • Policy management
services, systems and software • Update management and version control
configurations, warranty coverage, etc.
KNOWLEDGE Collections of unstructured data Knowledge workers throughout • Digital formats: CAD files, eDocs, PDFs, • Identification and retrieval of only useful
in digital formats (binary large the firm and its value chain spreadsheets, email, WP files, scanned materials
ASSETS objects, BLOBs) and physical formats of suppliers, distributors, and images, slide presentation files, web pages • Searching the contents of digital files
(mechanical devices, models, props) affiliates • Physical formats: artwork, artifacts, • Digitization and characterization of
business records, letters, faxes, material; application of metadata
manuscripts, sheet music, maps, drawings, • Rights and permissions management
movies, stills, film props, costumes
MEDIA Components used in brand resources Designers, producers, authors, • Ads: Online, broadcast, CATV, print • Reusability of media across multiple media
(ads, brochures, Web sites), and developers of print, • CD, DVD, cassettes • Cross-platform compatibility
ASSETS publications, and entertainment broadcast, online, and media- • Publications: Online, print, eBook
products (music, voice, video) based products or services
SOFTWARE Reusable pieces of software MIS/IT professionals, • Software objects, including source code • Standards-based development
programming (objects), class libraries, contractors, software vendors, • Class libraries and frameworks • Reusability: Design spec for
CODE ASSETS programming frameworks, lines of and open source user groups • Programming tools and utilities “maintainability” (minimum
legacy programming instruction, and • Integrated development environments documentation as to function)
automation scripts • Incentives, design rules, and version-
control practices
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ENGINEERED FOR REUSE AND REEXPRESSION several important concepts about the reuse of digital metadata for digital documents and data sets. It
assets. facilitates the creation of digital masters. It provides a
A thorough audit of the digital files that a firm creates powerful and extensible way of embedding metadata
reveals that only a small percentage of those files While only a small percentage of all creative work
RI R U
its creator expended extra effort to provide for the the file
GH LE
highest levels of reuse.
TS S A
• Business systems to
, P ND
In this context, a reuse strategy turns on three
D
manage accounting and
ES AN
ER A
prerequisites. intellectual property rights
M CC
UT S
IB NT
IS O
First, potential users must be able to quickly and
SI UN
• Digital asset repositories
TR TE
ON T
easily locate and retrieve the file, necessitating a
AT CON
to manage the file with
S, ING
robust search capability. TADATA
its metadata and creation
ME
BU D
LE
workflows
FI
SI AT
Second, the creators must optimize the file for broad
NE A
reuse by a range of users. • Cross-media publishing
SS
systems to use or express
CONTENT
Third, the owners of the file must take measures DATA
to protect their intellectual property rights—their the digital master in a
investment in creating and managing the file for reuse finished work
by others. AN
ET
A D AT
Extensible Metadata
A
M
D
W TES
TA
JO CHN
Platform, or XMP constitutes TE
THE DIGITAL ASSET
DA
B IC
an ISO standard, originally
LO U
DE AL
KF RIB
Corporations spend billions on the development of created by Adobe Systems
SC S
OR TT
Inc., for the creation,
RI PEC
artwork and brand-related material and collateral.
W A
PT IF
processing and interchange
D ILE
IO IC
In many cases, the owners of these brand resources of standardized and custom
AN F
NS AT
cannot envision others reusing their finished works
and direct their design firms and internal creative-
services departments to create less-reusable digital Publishing I
ON Asset
objects (one-shots).The figure on the right depicts systems S repository
DigitFileNexus.1.6 ©2015 GISTICS, All rights reserved.
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LARGE MULTIMEDIA DATABASE services. These repositories facilitate systematic CRITICAL ELEMENTS
reuse and reexpression of digital files, enabling
Broadly defined, an enterprise digital-asset a firm to express its brand voice across multiple Middleware plays an important role: it supplies the
repository manages large collections of rich media, glue for integrating multiple legacy data sources
Enterprise DAM repositories often represent knowledge workers to find the raw
© 2015 GISTICS
the final, missing piece for an end-to-end solution materials to answer questions from Publications Legacy data
sources External suppliers
for multichannel commerce and interactive web other knowledge workers.
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What are the key functions of DAM to assist with marketing operations?
USER GROUPS AND FUNCTIONS OF DAM • Multimodal search: Simple and advanced modes managed service represents the most secure, bullet-
including searches within search results (also proof DAM system.
A digital asset management or DAM system serves known as drill-down search) and dynamically
three basic user groups within marketing operations. updated collections (everything related to a brand As a matter of meeting market requirements, most
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WORKFLOW AUTOMATION OF MARKETING BUSINESS RESULTS FROM AN ON-DEMAND DAM through greater productivity: labor reductions and
ACTIVITIES fewer external expenses.
A SaaS or on-demand digital asset management
On-demand (SaaS) delivery of DAM enables the solution simultaneously accomplishes two business through greater productivity: labor reductions and
+ + +
skjfsjfsj
agencies
= Cost
sfjskfsj
Fixed-form Portal
as who changed or modified a particular content server
photo, image, document, or other digital Marcom
management
file. The repository also enforces certain
business rules—such permissions for Publishing and Collaboration
reduction
licensing or altering a digital file. documentation Collaboration server • Labor
content
skjfsjfsj
sfjskfsj
Licensing management
levels of security often unattainable with Webinar • External cost
agencies server
internally deployed systems, middleware
for integration with other services Content
Trade distribution
such as business rules, distributed Video
partners network
storage, and a metadata registry that MarkServPlatElemenlts 1.5 server
facilitates searches, as well as digital ©2015 GISTICS, All rights reserved.
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What ROI payback model illustrates many of the difficult-to-quantify benefits of an IT investment,
specifically DAM?
INVESTMENT ANALYSIS THAT JUSTIFIES A benefits - how a firm might serve new markets or to market? If so, it creates a new profit or revenue
existing customers in new ways. center.
PURCHASE DECISION
Process improvement represents positive effects Balance sheet enhancement reflects the creation
A business case describes how and under what such as lower defect rates, fewer reworks, and less of new shareholder wealth. This wealth may take the
First, deployment of a new technology will disrupt Fixed-cost reductions that accrue from lowering head INFORMAL ROI CALCULUS USED BY MANY CFOS
existing processes. This disruption can create far count, eliminating or delaying capital equipment
greater problems than the initial problem one set purchases, and outsourcing tasks or processes Many budget authorities and, ultimately CFOs, use
out to solve. A business case addresses likely Reduced variable expenses result from fewer an informal way to quickly assess the value of an
disruptions that may ensue and offers proactive outflows of cash (e.g., FedEx) as well as fewer investment.
solutions in the event of a particular contingency. purchases—in higher volumes—that reduce internal
transaction costs, the hidden costs associated with The figure below suggests that each of the six
Second, successful deployments necessitate buy-in categories of payback have a relative economic
from a potentially large group whose members may making vendor payments.
value. Most solution advocates will find selling a
not know each other or, worse, may not support Increased sales derived from a new technology “kilo of increased sales” 20 times easier that selling
or like each other. The business case articulates relate to three areas of potential benefit. First, can a “kilo of nonquantified process improvement.”
how various constituencies will resolve outstanding a solution help sell existing products to existing Activity-based analysis has emerged as the preferred
conflicts. Third, a prominent executive must own the customers in less time? If so, it accelerates a sales
solution, making support of it more fun or politically means for calculating the economic value of process
pipeline. Second, can we produce new customers? If improvements.
advantageous than overt or covert attempts to thwart so, it produces incremental sales. Third, did the new
the project. technology enable us to bring a new satisfaction
INFORMAL ROI CALCULUS USED BY MANY CFOS
PROBABLE IMPACT AREAS
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What differentiates the typical ROI for enterprise, departmental, workgroup, and desktop solutions?
MOST FIRMS CAN QUICKLY DEPLOY . . . THAT EMBED THE PROCESS KNOWLEDGE . . . RETURNING THEIR INVESTMENT MANY
BOTTOM-UP TACTICAL SOLUTIONS . . . OF A FEW KEY WORKERS . . . TIMES OVER . . .
EVERY- HIGHLY HIGH
WHERE AUTOMATED Enterprise
Workgroup systems
Enterprise
systems
Workgroup
Workflow
RETURN ON INVESTMENT
EMBEDDED KNOWLEDGE
Enterprise
systems
Business rules automating
systems
Departmental automation
systems Departmental
SCALE
systems
Departmental
systems
Workgroup
systems
Desktop Desktop
Desktop Workflow applications applications
appli- automation
ONE cations MOSTLY
USER MANUAL LOW
ROI-ScaleVsCostB.1.3 © 2015 GISTICS, All rights reserved. ROIVsTimeB.1.3 ©2015 GISTICS Incorporated, All rights reserved.
ROI-CycleVsKnowledgeB.1.3 ©2015 GISTICS Incorporated, All rights reserved.
LOW TOTAL COST HIGH SLOW BUSINESS PROCESS CYCLE TIME FAST SHORT BREAKEVEN TIME LONG
All internal and external expenses for buying, Time to produce a finished unit of work Time to recoup total cost of ownership
using, maintaining, and disposing of a system
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What is one of the largest and most overlooked costs of a marketing operation?
GLOBAL LAUNCHES ENTAIL LARGE TEAMS AND WHERE AUTOMATION MAKES SENSE fail to achieve their business goals after years of
MYRIAD HANDOFFS—POTENTIAL DELAYS significant investment.
The logic of distributed media services and marcom
A closer examination of potential chokepoints within centralization often breaks down when you ask This white paper advocates the automation of media
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CUSTOMER SEGMENTS
NOISY MEDIUM DISTORTS STRATEGY • Brand Manager Response
Firms Production TV Networks Fulfillment
Industrial • Product Manager Integrated
Each entity with its respective channel Supply- •
•
Marketing Manager Communications
Manager Corporate
Agency Network Packaging Business
can distort or diminish an otherwise Chains
Communications
CAD Artwork Assembly Warehousing
brilliant brand-marketing strategy. • Sales Manager Design Firm Producer Manufacture Distribution
• Agencies
CMOs now seek ways to use Business Collateral
technology and systems to “drive Direct Sales Sales
Collateral/ Printing Direct Mail/ Industrial
out the noise” in their market- Channel Presentations Onsite Visits
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What type of system will a firm need to automate the global delivery of marketing materials, sales
presentations, and training to field staff and partners?
ENTERPRISE-CLASS DAM eliminate duplicate data items. Fourth, the DAM file types. Lacking this architecture, an enterprise-
system must incorporate new metadata standards class DAM system will leave large portions of a
The figure below depicts several key functions of a such as Dublin Core, SCORM, PRISM, ebXML and potential user body unsupported.
large-scale DAM system.
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REFERENCE AND PRESENTATION LIBRARY This library delivers the highest return on investment propagate sales materials to the global network of
for sales organizations with short windows of resellers pays handsome returns.
Companies can offer a reference and presentation opportunity and long-term revenue streams
library through an intranet or extranet capability of a For vendors that must promote around seasonal
Events
The figure above depicts a reference and presentation library
that supports a field sales or reseller group. It provides a single
source-of-truth for the entire sales and marketing operation. Web sites FIELD SALES
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What constitutes an enterprise solution for unlocking the value of digital assets?
COMPLEX SYSTEMS INTEGRATION the material for broadcast, DVD, or streaming Digital embassies, a term used to describe licensed
presentation. software on end-user devices, terminate a brand
The creation, management, and distribution of digital resource value chain.
assets may entail the integration of as many as 13 Publishing systems format digital assets for print,
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WHITE PAPER | Building a Business Case for Digital Asset Management Developed in
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How can activity-task automation speed final-form marketing content to market and lower costs,
unlocking the full value of multipurposed digital assets?
DYNAMIC IMAGING OF DIGITAL ASSETS • A field sales executive could log onto a marketing This type of self-service approach provides the
repository using relatively low-speed Internet same sort of cost savings as mentioned above
The figure below depicts one possible scenario for access. He or she would search by keyword or by without a designer or salesperson having to render
generating dozens or even thousands of purpose- an example selected from a visual vocabulary that the service.
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How can the automation of just 18 common activities in marketing, production, sales, and training save
$1,604,602 per year?
LAWS OF ROI FOR INFORMATION TECHNOLOGY TARGETING HIGH-IMPACT AUTOMATION CELLS below depicts 18 cells, organized by asset lifecycle
A comprehensive 10-year survey by GISTICS of IT phase, and indicates the annual cost savings
GISTICS’ research supports the conclusion that achieved through automation.
projects, their costs, and their payback reveals that the automation of just a few activities within the
CREATE
marketing related activities (advertising, Localizing Web Ads $124,800
CREATE $573,570
promotion, public relations) and Localizing Print Ads $122,120
generates at least 35 percent of sales Supporting Channel Partners $16,157
from international markets. This pro Acquiring Royalty-Free Footage $5,633
forma enterprise launches at least 20
new products into 24 localization regions
(demography, language, currency, Collecting Product Graphics $177,667
culture) and represents a fast revenue-
MANAGE
Collecting Product Data $119,167
cycle business– one that would lose at MANAGE $428,848
Acquiring Images from Ad Agency $78,674
least one percent of quarterly revenue Acquiring a Stock Images $32,760
if all advertising and promotion were Delivering Complete Layouts $20,580
absent.
The activity and payback benchmarks Clearing Footage Rights $252,480
used in this report primarily correspond Distributing Media Kits $116,885
to global brands, as opposed to
DISTRIBUTE
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How can an agency account manager serving a large firm locate an ad spot, acquire client approval, and send it to
production, saving $168,360 per year?
FEDERATED DAM SEARCH AND APPROVAL WORKFLOW PROVIDES SIGNIFICANT TIME TO MARKET GAINS AND A DRAMATIC REDUCTION IN ERRORS
An enterprise DAM system speeds the discovery and retrieval of all
Find add spot Review video clip Aquire client approval Forward to production
480 7 days
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How can a marketing manager in a large firm acquire stock images and publish them to an extranet
portal and corporate website, saving $32,760 per year?
INTEGRATION WITH STOCK IMAGE REPOSITORY ENABLES IMMEDIATE ACQUISITION OF APPROVED PRODUCTS AND ELIMINATES REDUNDANT EXPENSES
Publish to corporate website An enterprise DAM supports the integration with external stock image
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How can a rights management specialist in a large firm clear all rights for ad footage used in a regional
market, saving $252,480 per year?
INTEGRATION WITH RIGHTS MANAGEMENT CAN REDUCE THE TIME AND COST OF CLEARING ASSETS FOR REGIONAL DISTRIBUTION
Locate requested footage Clear director/producer rights An enterprise DAM includes a rights-management capability. This can
Review footage and list all potential rights issues Clear placed product rights 480 6 days
Clear actor rights 30 15 Locate and review each actor’s contract. Contract linked and viewable within DAM system.
Clear music rights 30 15 Locate and review each music contributor’s contract. Contract linked and viewable within DAM system.
Clear voiceover rights 30 15 Locate and review each contributor’s contract. Contract linked and viewable within DAM system.
Clear director/producer rights 30 5 Locate and review each contract. Defined by region in system or contract linked and viewable in system.
Clear placed product rights 30 5 Locate and review each contract. Defined by region in system or contract linked and viewable in system.
Forward to production 30 2 Draft memo, package, and deliver full-quality files/media to production. Message management or production with flag for correct clip.
Rework minutes 30 0 Minutes spent repeating tasks due to errors
Total minutes 330 67 Per rights review
Labor cost total $660.00 $134.00 $120/hour - fully burdened cost
MATERIAL COSTS
Freight $0.00 $0.00 Physical parcel shipping
Bandwidth $0.0002 $0.0002 Download/email of assets
Storage $0.00 $0.00 Cost of occupied bytes on server storage system
Storage media $0.00 $0.00 Cost of removable storage media (archive)
Courier $0.00 $0.00 Courier services for timely delivery of physical materials
Agency billing $0.00 $0.00
Total per review $0.00 $0.00
Total per distribution $0.01 $0.01 40 rights reviews per month
ANNUAL COSTS
Annual cell repetition 480 480 Footage reviews per year
Annual labor hours 2,640 536 Number of labor hours expended on this activity per year
Annual labor costs $316,800 $64,320
Annual material costs $0.00 $0.00
Total annual cost $316,800 $64,320
SAVINGS HARD DOLLAR SAVINGS
Annual labor hours 2,104
Annual cost $252,480
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How can a marketing manager in a large firm speed the distribution of media kits worldwide, using
automation and web-based self service, saving $116,885 per year?
MULTI-MODAL SEARCH, INTEGRATED MESSAGING, AND TEMPLATE-BASED PUBLISHING REDUCE PRODUCTION AND MATERIAL COSTS
An enterprise DAM may include web-to-print and dynamic
Collect CD contents Collect recipient list Design CD label Deliver to fulfillment firm 20 4 days publishing of documents, artwork, and web pages. This includes
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How can an inside salesperson in a large firm rapidly acquire sales presentations and videos for an
online sales pitch meeting, saving $29,899 per year?
HARVARD BUSINESS SCHOOL STUDY GUIDED SELF-SERVICE ACCESS CONSTRAINED TO APPROVED ASSETS REDUCES SALES SUPPORT
According to the prestigious Harvard DEMANDS, MAINTAINS A UNIFIED SALES MESSAGE, AND IMPROVES THE QUALITY OF CUSTOMIZED
Business School study of industrial selling SALES COLLATERAL
new sales.
and operations • Industry
• Policy
• White papers • Illustrations vs.
• Photos
• Product hours hours
The figure at right depicts a fully • Solutions
• Video clips
Events
+
Web sites FIELD SALES
1 Day
time-to-market reduction
per major launch
Sales.Exec.Pres.lib.1.5 ©2015 GISTICS Incorporated, All rights reserved.
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Who helped produce this white paper? Who is GISTICS? Who is WoodWing?
VISIT
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