05/14/2024
Just because you’ve figured out how to tie DAM to strategic projects and goals doesn’t mean you’re done building your digital asset management business case!
It’s almost a guarantee that leadership will ask you how your system is saving the company time and money. This question is what trips up a lot of DAM managers—there are so many ways to answer it! Ultimately, you want to go beyond saying “DAM increases productivity” or “DAM reduces content spend.” Instead, go deeper with details on how, and try to quantify wherever possible.
Reducing content spend
Creative teams often incur significant expenses licensing content and frequently overlook the reuse of their original, unused footage, leading to unnecessary costs and a growing backlog of potentially valuable assets. Digital Asset Management presents a solution by organizing and repurposing a company's existing content, thereby reducing expenses on stock footage and enhancing the uniqueness and quality of creative projects. Implementing a DAM system not only saves money but also maximizes the return on investment of content creation efforts, aligning with executive expectations for cost-effective and high-quality output.
Boost efficiency and time savings
Implementing a DAM system can significantly streamline content creation processes, saving weeks of work by providing a centralized, easily searchable repository for digital assets. Without proper DAM system, creative teams waste time recreating assets or navigating bureaucratic delays to find or validate them, often compromising on quality or reverting to overused or generic stock options. By understanding the current inefficiencies in asset management from the creative team's perspective, businesses can better quantify the time and cost savings a DAM system offers, while ensuring better governance and use of high-quality, unique content.
The cost of inaction
Framing the importance of a DAM system in terms of the costs of inaction can be a powerful approach to secure investment. Highlighting the potential savings from avoiding unnecessary video reshoots and reducing the risk of costly license violations demonstrates the significant return on investment that DAM offers. This perspective can make the decision to allocate budget towards DAM more compelling, emphasizing the financial wisdom in preemptively solving these costly issues.