Digital asset management is by definition, “a combination of workflow, software and hardware which organizes and retrieves a company’s digital assets” according to the Wikipedia. Its function is usually focused on managing, searching, ingesting, and retrieving the assets of an organization or business.
Digital asset management is still an evolving market which has room to grow to achieve full competency in its field. Also, considering description that it is involved in the definition of digital asset management, this is seen to cover a vast multitude of problems under different sets of standards.
The Different Types of Digital Asset Management Available Today
Based on their function, the digital asset management (DAM) is divided into the following three major categories:
1.The DAM which concentrates upon facilitation of the asset within a company is called, ‘brand asset management system’
2.The DAM that looks at the storage and retrieval of infrequently or frequently changing data (media assets) is called, ‘Library asset management system’
3.The DAM which covers almost all aspects of an organization, such as storage, revision control, and organization of the frequently/ infrequently changing media assets is called, ‘Production asset management system’
What Is a Digital Asset Management System?
The digital asset management system is actually a modern tool which is used specifically for the organization and management of media assets with particular emphasis on storage and retrieval. In order to have a DAM best suited to your business, you need to find out what exactly you need to know and manage. This is the first step to finding the most appropriate system for your business. Do you need to only be able to search your media data? Do you need to organize collaborative settings? Do you need to rather manage and be informed about the rights and permission?
There are many types of DAM available for you; among whom the desktop DAM is the easiest to use and manage. This type is ideal for a small to medium size businesses which can work with a low security sharing of files. The main disadvantage of this type however, is that the desktop DAM will only show references to the existing files and not the files themselves. This could be a major disadvantage for some organizations.
Other types of DAM are, collaborative focused solutions, process oriented solutions, industry focused solutions, and merchant focused solution and so on. Each of the DAM will be able to give you the right combination of solutions for your optimal digital asset management.
Asset Management Software – The Easy Way Out innovative care management
All businesses need asset management; whether you are in manufacturing, public relations, a call center etc. What actually is asset management? This is the process by which you can manage your to the best of your ability. In order to do so, you will need to know the strengths and weaknesses of your assets. Only then you can know how to optimize their use.
Asset Management Software
Asset management has in the past been done manually, with a number of registers and files to keep records, this was not the most time efficient and easy method to track assets. However, with the twenty-first century bringing us great computers and upgraded technology, asset management has been facilitated through computers and this has been made possible with asset management software. This software enables people to deal with asset management at the press of the button.
The software available today is able to keep track of the value, use, depreciation, and utility age of any asset. This software can highlight what the maintenance requirements are, when the assets would need to be discarded and above all it allows tracking of the assets. The advantages of the asset management software are almost limitless. However, the best feature is that it can give you accurate reports of the status of your assets at any given time, easily.
How Do You Choose The Best Fit for Asset Management Software?
There are a few questions that you have to ask yourself before deciding which asset management software is the best for you. The following is an indicative check list:
1.Price of the software – is it cost effective?
2.What type of task you have at hand – how complicated is your asset list?
3.How many people can use it at the same time?
4.Can it be scaled up? Can it be scaled down?
5.How many functions does the software give you?
There are three important types of software available segregated by their functionality:
1.Automated – this type automatically collects records of data in time as well as tracks the data.
2.Inquisitive – this type usually is applicable to the IT systems; this type will be used for identifying the different parts of hardware (configuration) as well as peripherals and their addition or removal.
Asset Management Training; Is it Necessary? innovative care management
Asset management programs are a little more technical than the average program. They do require some base knowledge in order to fully take advantage of all of the features the program offers. This is why asset management training can be very important. Training your employees would be a beneficial, as it will save you time and money. If they don’t know how to use the program, and haven’t had any training, money could be lost by time wasted.
What Are Some of the Things Learned With Asset Management Training?
The first important point is that this will save you money. Employers like to see money being used in the most efficient way possible within a business. When the employer realizes employees need to have an understanding of the program or it is not as beneficial to them, they will put their employees through an asset management-training course.
The curriculum of the course teaches many things about asset management. Asset management training teaches the elements of asset management. With asset management training, employees are prepared to handle the Initial Proforma and the twenty-year spreadsheet. It is beneficial to an employee to learn how to build a proper property management plan. These are a few areas explained with asset management training.
Additionally, asset management training also helps with an explanation of what the performance standards are for asset management reporting and monitoring. Employees will be taught how to select the right management firm. They will learn how contracting versus management can be used for themselves and be more equipped to plan and manage the maintenance. They will also learn how to do asset based budgeting. When they are done with the course, they will be able to do full financial workout.
Other areas that are important with asset management training include teaching your employee how to refinance. They will be able to disposition roles for the board, staff, management and people. This will all be done in the asset and property management area. Once asset management training is done, the learned information benefit the company as well as people who want to be a certified trainer. Employees learn a lot going through asset management training.
Once your employee has completed asset management training courses, you will see the workflow speeding up once again. With less time being devoted to figuring the problem out, they will be able to spend more time working on certain projects.