Digital assets have become more prevalent in the wake of digitalization. These assets have revolutionized every aspect of our lives. Most people interact with digital assets many times throughout the day. Additionally, an increasing number of private and corporate investors use digital assets to diversify their marketing portfolios. If you’re contemplating incorporating digital asset management (DAM) software to achieve your business goals, it’s imperative to understand how digital assets work. This article explores the definition and benefits of digital assets.
Digital Assets Defined
A digital asset refers to digital content: for example, video content that’s stored digitally. A defining feature of digital assets is that they can only be understood and implemented by a computer. However, they can exist in various file formats as long as they’re stored digitally. Common digital file formats include audio file documents, audio recordings, slide decks, photos, videos, and PDF documents.
Many content creators find content planning and content creation overwhelming, given the increased demand for quality marketing content. They also experience difficulty monitoring and tracking these content assets. As a digital asset manager, you can leverage a robust digital asset management tool to manage your digital assets. In addition, you can track and monitor the lifecycle of a valuable asset. DAM software allows users to organize their digital media assets in a central location. Users can compile new and important assets in a single source of truth asset repository for easy user access, ease of implementation, and repurposing of approved digital content.
When picking a digital asset management solution, opt for a vendor with a solid reputation in the global digital asset management market. Additionally, choose a digital asset management platform with an advanced filter and folder system. The DAM platform enables users to quickly find the right assets. Check to ensure the DAM software supports every file type.
Many content marketers worldwide use digital asset management systems purpose-built for marketing content. Digital asset management software empowers brand managers to ensure team members in smaller teams are using the right content. This is especially important for small business owners to achieve brand consistency. DAM platforms generally ensure asset view, asset usage, version control, workflow automation, and workflow integration. Best of all, the DAM solution streamlines and facilitates the approval process of brand content.
Benefits of Digital Assets
Here are a few benefits that come with digital assets:
They provide value to the private or corporate owner.
Implementing digital assets in your core business processes creates room for expansion. Current market trends indicate that customers prefer to make purchases and payments online. Let’s say you sell air purifier products in your online store. You can leverage content assets like campaign assets to implement successful content campaigns. This is especially important in creating a foolproof content marketing strategy and getting the word out about your product offerings.
They offer improved security.
Business transactions involving digital assets are recorded on transparent ledgers. These public ledgers make it relatively easy to track and monitor transactions and establish audit trails. Cryptocurrency transactions, for example, are secured by cryptography, making them nearly impossible to manipulate. Many cryptocurrency tokens exist on decentralized networks built on blockchain technology. The significant advantage of cryptocurrencies is that they are not regulated by any central authority, leaving zero room for interference.
They accelerate creativity and workflow efficiency.
Most digital asset management tools are designed to improve the efficiency and agility of content creation efforts. Features like version control, content approval functionality, and on-the-fly conversions reduce the time and resources spent on manual tasks. This streamlines and automates content creation processes. Furthermore, internet users can scour the internet for quality content required to execute a content marketing plan. Graphic designers, for example, have an unlimited digital library at their disposal for executing their design projects.
With this information in mind, it’s clear why digital assets are so valuable.