In the online world, marketing is about the conversations visitors have with your content while you aren’t there.
At some point in the last five years we crossed a line where all of our customers were online and actively looking to self-educate themselves on their buying options. The Internet became the dominant communication medium between companies and their prospects, and as a result marketing became interactive and measurable, moving from a broadcast paradigm to a conversational one.
In this new online world, there is only one valid response to marketing measurement- more content. Marketing measurement is the voice of your customer speaking back to your content- they click for more, they register and ask for more, or they go away. As a result, the boom in marketing analytics and operations technology will only payoff for companies if they match that effort with an equivalent effort in their content creation processes.
However, good content includes strong visuals- rich media like diagrams, photos and video. And this rich digital media is expensive and slow to create, creating a significant barrier in marketing operations.
Unfortunately, prior-generation content management solutions only support text content effectively. They fail miserably when it comes to rich media such as images, graphics and video: content can’t be found, or it can’t be viewed once found, or it can’t be edited once viewed. If you are lucky enough to find, view and edit something, you still can’t use it because you can’t figure out if you are allowed to use it due to rights and contractual issues.
You can’t win the marketing game with issues like that.
If you are serious about marketing operations, you need to be serious about the processes that generate and manage your rich media assets- they are your most expensive content asset and your biggest execution bottleneck.
Rich media assets such as images, graphics and videos don’t lend themselves to search very easily. Intelligent management of meta-data is thus critical to being able to search for and find these.
Rich media assets are also extremely expensive to make, and to change, compared to text content.
Finally, rich media takes much longer to create. To create new images, diagrams or videos for each new communication is unsustainable for both speed and cost reasons. In the new marketing-as-a-conversation era you need to generate 5-10x more content than previously, and repurposing existing assets is essential to successfully doing so.
Digital Asset Management (or DAM) is the intentional management of rich media content as assets, and is critical to ensuring that your ability to have marketing conversations with your prospects is not paralyzed by a lack of accessible and cost-effective digital content.
Digital asset management can be a strategy, such as an asset list tracked in an Excel spreadsheet, or a specialized solution from a DAM vendor. Specialized solutions become a necessity for larger marketing departments as they learn how hard a “paper based” strategy is to maintain due to the number of assets, formats, and classifications that need to be managed, and the knowledge management challenges of categorizing assets for future findability.
Traditional content management systems aren’t a solution either. They don’t speak digital media, failing to ingest, categorize, convert, or find assets in a meaningful way. In comparison, DAM solutions are designed to provide the capabilities critical to the capture and management of rich media content — specifically those features to ingest, categorize, find, convert, collaborate on and distribute your assets no matter where they are stored in your company. In other words, DAM solutions turn digital rich media content into digital assets.
Whether your goals are branding, demand generation, lead generation, lead nurturing, cultural relevance, or industry thought leadership, a competitive marketing operations strategy needs an effective digital asset management strategy. To not have one leaves an otherwise stellar marketing operations strategy limited by the rich media content barrier.
