Effective Digital Asset Management Essay

Effective Digital Asset Management Essay

Length: 2896 words (8.3 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview


“According to Forrester Research, American workers spend $404 billion annually, or 11% of all U.S. wages, looking for the information they need to do their jobs. Giving employees the right tools to stay afloat in a data and knowledge-driven workplace is imperative across the board.”[1]

With the world of digital data growing exponentially year on year, the above quote could just represent a mere drop in the ocean when accounting for the time workers spend looking for information. The next question is, once the information has been found, can it then actually be interpreted and understood within its original context and in the context required? Without adequate systems to deal with the data deluge, and efficient working practices around ingestion, and storage and retrieval, many digital objects can be lost forever, floating in a digital ether, costing money not only in storage, but in the potential recreation of an existing asset, as well as in lost time searching and retrieving content.

The world of digital asset management does provide many solutions to all the above, however this is only if a system is researched, planned and implemented to meet its requirements. Rather than finding a system which says it delivers to a business or institutions needs, a voyage of discovery needs to be taken to ensure the system does not only meet the needs of the institution, but also the user, the assets and changes in future technology. There are steps which should be taken when looking to implement a DAM system, and working through each of them methodically will result in finding a solution which delivers what is needed, as well as providing a framework for best practice within a company and contributing to the economi...

... middle of paper ...

...tey, G., 2007. Should businesses give a DAM? Journal of Digital Asset Management, 3(3), pp.145-149. Available at: http://www.palgrave-journals.com/doifinder/10.1057/palgrave.dam.3650076 [Accessed May 5, 2011].
3. Borgman, C.L., 2007. Scholarship in the Digital Age: Information, Infrastructure, and the Internet, MIT Press. Chapter 3 Embedded Everywhere p39
4. Higgins, S., 2008. The International Journal of Digital Curation. Forum American Bar Association, 3(1), pp.134-140.
5. Bearman, D., 1995. Archival Strategies. American Archivist, 58(4), pp.380-413. p402 Available at: http://archivists.metapress.com/content/pq71240520j31798.
6. Warwick, J., 2010. Why good DAMs go bad: Building an operational capability. Journal of Digital Asset Management, 6(4), pp.216-224. Available at: http://www.palgrave-journals.com/doifinder/10.1057/dam.2010.24 [Accessed May 5, 2011].

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

An Effective Financial Management Analysis Essay

- Interpublic Group (IPG) is a multi-global company specializing in consumer advertising, digital marketing, communications planning and media buying, public relations and specialty marketing. As one of the leading marketing company, it is imperative that IPG successfully performs a financial management analysis to remain competitive and financially stable. An effective financial management analysis will incorporate financial ratios to determine the overall financial condition of IPG. According to Gitman and Zutter (2015), liquidity refers to the solvency of a company’s overall financial position....   [tags: Financial ratio, Financial ratios, Asset]

Powerful Essays
1051 words (3 pages)

Essay on The Challenges Of Public Asset Management

- In the last three decades, a New Public Management (NPM) as a general set of financial and managerial reforms in the municipal sector has been adopted in many countries. The most difficult challenges in the historical backdrop of the NPM execution are the alterations in management of public asset and governance policies. The management of public sector asset reform considered as a central point and change the public sector organizations progressively (Grubisic et al. 2008). Meanwhile, BPK RI (Badan Pemeriksa Keuangan Republik Indonesia) as an audit board in Indonesia, tends to issue qualified opinion on the financial statement of local governments (34% of local government receive unqualified...   [tags: Public administration, Government, Management]

Powerful Essays
1169 words (3.3 pages)

Description of Digital Rights Management Essay

- With the explosive rise of digital media, computing devices and digital networks have allowed the ability for digital media to be distributed at a highly flexible and cost-efficient way. This has led to a change on how the media is being consumed, with more and more sales dropping for DVD’s and CD’s causing problems for many retailers, but on the other hand, digital media is rising in contrast. However, with the media being accessed digitally it also allows people to access, manipulate or even duplicate the media beyond the terms and conditions that was originally agreed upon....   [tags: piracy, digital media, digital rights]

Powerful Essays
1413 words (4 pages)

sponsorship management Essay

- SPONSORSHIP MANAGEMENT PRESENTED BY: JULIUS TABLE OF CONTENT 1. What is Sponsorship. 2. What is Management. 3. What are the Management’s Functions. 4. What is Sponsorship Management. 5. Know the Game: understand what sponsorships can do and cannot do 6. The Passion Connection 7. How does sponsorship really enhance brand building. 8. Understand leverage 9. Measurement 10. Case Study What is sponsorship. ‘As a marketer, why wouldn’t you use sponsorship....   [tags: essays research papers]

Powerful Essays
2100 words (6 pages)

Inventory Management And Fixed Asset Management Essay

- Inventory Management and Fixed Asset Management – One and the Same. Professional service firms don’t sell products, rather they sell their time and expertise. The common problem is that many smaller firms see the profits generated from their services, but they overlook their losses from poor inventory management and fixed asset management. Even worse, they sometimes manage and track them in the same manner. To make things a bit more complicated, inventory management and fixed asset management are not one and the same....   [tags: Balance sheet, Asset, Inventory, Bookkeeping]

Powerful Essays
710 words (2 pages)

Knowledge Management Software Essay

- I will attempt to inform you on what Knowledge Management Software (KMS) is. I will also attempt to give you a brief history and specific benefits the KMS adds to our specific global organization. First let’s talk about knowledge management (KM), and define what it is. I had the opportunity to talk with three coworkers and for them to give me a definition that I myself had no idea about until I decided to do some research. Well, my first interview went with Tasha who’s a Supply person. She had no idea; she thought it could not be such a thing as KM....   [tags: essays research papers]

Free Essays
1091 words (3.1 pages)

Essay on Apple Inc. : Asset Management

- Inventories have very little influence as to whether Apple Inc. has the ability to be responsible for current liabilities using their current assets. This fact is a representation that Apple does not rely heavily on inventories to account for assets. This means that Apple has other current, or short-term assets like, cash and cash equivalents, short-term marketable securities, and accounts receivable among other assets, that if needed, could cover the company’s current liabilities. Apple maintains levels of inventory that keep up with consumer demand rather than sitting on inventory that could potentially not move (Apple Inc....   [tags: Balance sheet, Asset, Inventory turnover, Stock]

Powerful Essays
1292 words (3.7 pages)

Effective It Asset Management Using Surface Acoustic Wave Based Rfid Essay

- 1. FEASIBLE AND EFFECTIVE IT ASSET MANAGEMENT USING SURFACE ACOUSTIC WAVE-BASED RFID Byung Youn Song & Rajit Gadh & Junghoon Lee & Jae Yeol Lee An office consists of many devices which contain invaluable information and data for which there is no substitute. There are chances that the information is erased or damaged not merely by thieves or hackers, but by the employees themselves. If we are able to detect environmental conditions, severe damage caused by them can be prevented. The factors considered for testing are temperature sensing and acceleration sensing....   [tags: RFID, Radio-frequency identification]

Powerful Essays
2316 words (6.6 pages)

Marketing Analysis : Samsung Electronics Essay

- Samsung is an innovative company that focus highly on quality and specialised products, they became an electronics company in 1969 and they released their very first mobile phone in 1988. In 2006, they became the global leading brand within the television market and in 2011, they became the latest smart phone provider in the world and their successful innovation is furthermore expanding. Today Samsung Electronics has proven to be one of the most successful global brands to follow. Total Quality Management is a management philosophy driven by customer needs and expectations....   [tags: Management, Total quality management]

Powerful Essays
1269 words (3.6 pages)

Digital Firms Essay

- In these days of time, operating business firms through digital technology is essential to stay competitive in the business market. There are foundations when it comes to doing business within companies to survive. It is very important for companies to stay with their competitors or surpass them through information technology. There are strategic opportunities and advantages business organizations can strived for; if they implement the right steps within the organization. Just like anything in life, there are some issues or problems that can be address when dealing with digital technology through business firms....   [tags: digital technology, information management]

Powerful Essays
1043 words (3 pages)