Be it any area or any sphere of life management is the key to success. Management of simple things such as your day-to-day activities etc. might not require much consideration but lot of planning is to be done when it comes to managing assets.
Asset management basically refers to managing money for individuals through stocks, bonds and cash equivalents etc. The asset management system has sprung from maintenance management systems and its aim is to optimize asset use and manage all maintenance efforts involved in making the assets as confidential, accurate and efficient as possible. The principles of asset management apply equally to all physical assets such as infrastructure, property, heritage, plant and equipment.
The strategy of asset management depends on financial aspects of ownership such as calculating the entire cost of ownership, depreciation, licensing, maintenance and insurance. Asset management can be in different spheres. For instance asset management in the field of property is known as property asset management, asset management in IT, in finance or investment asset management and asset management in inventory and physical stock.
Varying with the kind of an asset management strategy a firm or an individual can add value to his business, improve investment performance, manage financial risk exposure and reduce costs to business.
Keeping the incredible significance of asset management in mind, various asset management companies have mushroomed these days. An asset management company is a firm that invests the pooled funds of retail investors in securities in line with the directed investment objectives. By offering more diversification, liquidity and professional management service, an asset management service holds a niche above the individual investors.
A leading name in asset management and investment management services is Lazard. Lazard is known for investment banking with offices in more than 16 countries across the world. Lazard provides multiple services such as advisory services that include mergers and acquisitions, asset management and restructuring to corporations, partnerships, institutions, governments and individuals.
Similarly the Asset Intelligence unit of General Electric’s Equipment Services has earned commendable name in providing intelligence based asset management and logistics services for commercial and transportation equipments. Hardcat is a leading asset management solution provider in UK, Australia and USA.
The joint venture between UK’s top ranking insurance company Prudential Plc. and India’s recognized financial institution, the ICICI Bank Ltd. has resulted in the ICICI Asset Management Company to supplement the Indian investor mutual fund products with different growing needs of investment.
All these proficient companies keep in mind the fact that investment is quite a challenging task that requires tremendous planning and risk. These companies function in a way to produce better risk-adjusted investment returns and present investment solutions to the clients.
Recently the prizes of traded asset management companies have touched the sky primarily due to two reasons- rising stock markets and industry consolidation. A paradigm instance here is that the Legg Mason shares increased by 76% due to the news that it was taking over Citigroup’s asset management business.
All in all asset management companies are ideal resources to drive costs out of your business operations, increase profitability and get access to vast information database for making a prudent choice
Mansi aggarwal recommends that you visit Asset management companies for more information
Article Source: http://EzineArticles.com/?expert=Mansi_Aggarwal
Asset management describes the management of assets that are invested on behalf of different sectors. It is the process of managing money for individuals and companies alike through stocks, bonds, and cash equivalents among others. It is often used in the financial services industry and is made possible through professional investors who manage an individual's or company's assets based on pre-determined objectives and investment styles. Private banking, wealth management, collective investment schemes, even pension funds are some of the ways in which people manage their assets. There are also other ways of properly managing assets that are available for companies as well.
Asset management espouses the timely and proper management, maintenance and even tracking and disposal of assets, whether of companies and corporations or individuals. Asset management claims to manage the risks of losing all assets through time, which is especially important in businesses and individuals alike. Businesses consider asset management as an important facet in their industry since the services that asset management offers may increase sales while handling the companies' costs over time. A company's financial assets are maximized when companies utilize asset management services.
Companies often use asset management as a method to track their fixed assets. Asset management allows companies to control assets from procurement, daily operation and maintenance and even disposal. Assets include desks, chairs, computers, factory equipment and even buildings. Aside from tracking assets, asset management also manages the demand for resources and accounts for asset values and depreciation. Asset management organizes all these information to keep track of vital data that would enable companies to be aware of assets costs, from whom these equipment were purchased from, who uses these devices, where these are located, which company to contact in the event that these machines are damaged, even depreciation rates. Knowing all these would help manage the companies' assets and would eventually optimize the companies' assets.
Asset Management provides detailed information on Asset Management, Asset Management Software, Asset Management System, Digital Asset Management and more. Asset Management is affiliated with Offshore Asset Protection
Article Source: http://EzineArticles.com/?expert=Alison_Cole
In a business it is important to keep the data confidential, integrated and available. For a business house or it is necessary to have complete security over the network. It is the part of the legal and privacy requirements. Business data services helps in preventing vandalizing and theft of the important information. Organization using business data security system has an advantage over the others. In their companies only few who have an access to the information; no one can peep into the database.
To add your knowledge the information systems has three integral parts: hardware, software and communications. For IT asset management, there are experts, who are well versed with IT asset Portfolio management. These include technological, financial, physical and contractual aspects. By now you would have got a brief idea about what is IT Asset Management & Business Data Security. So let us now see how these two are interrelated.
Broadly Computer Asset Management can be classified into two: Software Asset that implies to those particular practices that are specifically related to software. This broadly includes, management of software licenses, regularization of images, complying with the laws and regulations of IT industry. Other is Hardware asset management involves management of computers & computer networks.
Informational management of computer asset has provided in complete business data maintenance and security. They help in
* Improving the complete process and support in making strategic decisions.
* Increase control over the inventory. Hence, head of the organization knows what he has and how dealings and important data are protected.
* High accountability to guarantee fulfillment of the agreement.
* Develop performance of assets and life cycle management.
* Proper utilization of software resources and hardware resources.
* Keeping the backup data and to make data recovery process very easy without wastage of much time.
* With the help of these, one can easily track the person who is trying to misuse the information. Hence, this to an extent helps in eliminating the risk through standardization and proper documentation.
Therefore, if you have not installed an IT Asset Management & Business Data Security till, do it now as they are very important for every business. This will help you in outwitting your customers easily.
QSGI - A complete Information Technology Solution provider to help corporations and governmental agencies better manage software assets, hardware assets, reduce maintenance expenses, build best practices for data security and assure regulatory compliance
Article Source: http://EzineArticles.com/?expert=J_Christina
The key to effective business making is 'Asset Management'.
The management of securities like shares, bonds etc. and other assets like real estate that helps to meet the desired investment goals from investor's point of view is what Asset Management is all about.
The investors may be insurance companies, other corporations or private investors. Managing investment of collective investments also refers to Asset Management.
Asset Management is also called as 'Investment Management' and includes managing elements dealing with financial analysis, selecting assets and stocks, implementing plans and monitoring the investments.
The global industry responsible for taking care of dollars, euros and pounds around the world is Asset Management. Every business organization makes it a point to implement strategies that maximize returns on assets. Returns are maximized by reducing the costs incurred in operations and improving the maintenance and utilization of assets.
Asset Management solutions in an enterprise help to provide:
• High end and complete solutions for managing the assets, • Updated information to maintain data that helps in decision making.
Other than providing complete solutions and helping in decision making, Asset Management also supports the strategic plans and operating procedures that help in increasing productivity and reducing costs. Another definition of Asset Management could be yielding savings in business so as to increase the life cycle of assets. With this approach, the entire life cycle improves beginning from the planning phase to the disposal of assets along with specification, designing and maintenance. In short, Asset Management in an enterprise is all about dealing with the fact that how a particular solution will work and help to serve business in a better way in accordance with the requirements of the organization.
Benefits of Asset Management:
• Uninterrupted and complete awareness of the assets, • Real- time network visibility.
It is now being realized by companies that asset management should be a key component of business. Effective asset management can increase the profits and contribute in business in a big way yielding more profits. Also, it is to be considered that every asset category needs a different focus from management's side. Regular maintenance is required by fixed assets.
It is the assets that help in proper delivery of goods and services. In situations where there is an operator in place, Innovative can provide complete asset management services concentrating on reviewing property operations and capital expenditures; identifying opportunities to increase profitability; ensuring competitiveness in procurement; ensuring the hotel operator is focused on the critical elements of success; and analyzing results on behalf of ownership.
Specifically, the following are provided:
• Maximizing property return through the pursuit of strategies for value creation. • Reviewing and analyzing monthly operator performance. • Participating in planning and monitoring of capital projects. • Administering owner relations and represent the company at board meetings. • Reviewing annual marketing plans and budgets. • Reviewing asset positioning and make comparisons to market competitors. • Assembling and evaluating pertinent market and economic data. • Assisting with legal issues and contract compliance. • Preparing financial projections and valuations. • Preparing quarterly investment performance report, and • Administering legal, tax and accounting formalities for each property.
Effective Asset Management differs from one organization to the other depending on the needs and objectives.
For more information visit: http://www.innovative-hotels.com
Article Source: http://EzineArticles.com/?expert=Kevin_Mohney
The phrase seems to be first used in the superb Business is a Contact Sport: Using the 12 Principles of Relationship Asset Management to Build Buy-in, Blast Away Barriers, and Boost Your Business by Augusto Vidaurreta, Tom Richardson, and Tom Gorman
Amazon selects the following excerpt to summarize the book:
"Business is a contact sport because human contact, connection, and cooperation is the essence of business. Even in our transaction-driven, increasingly virtual world, solid, long-lasting relationships are still fundamental to success. Yet in most companies, relationships with customers and employees and even more so with suppliers, distributors, licensees, shareholders, lenders, strategic partners, board members, universities, charities, the media and the community are the most underutilized assets."
Of course we agree with the concept EXCEPT we believe, because of our transaction driven world managing our relationship assets is becoming even more important. Soon the only way we might find out about opportunities will be through relationships.
Relationships have been the basis of the recent Internet phenomena such as My Space, Facebook. Beebo, Craigs List etc. These sites gave kids places on-line to hang out with their friends, and friends of friends - sort of micro communities.
More recently we have seen an explosion in the number of new sites offering to do a similar thing for business people - Linked In, Xing, Naymz. These places are less fun, but more useful, giving members ways to find and connect with others they don't know. The perfect vehicle for finding others with common interest are Groups and Questions/Answers forums.
These are places where we can help others, and ask for guidance ourselves. Interaction here often results in a connection, expanding our sphere of influence.
And even more recently we have seen microblogging take a different approach to the same opportunity. Twitter allows us to "follow" the posts of interesting people. They get brought to us. In turn people who are interested in what we have to say can "follow" us. Re-tweeting lets us send interesting posts to all our followers. This way interesting news goes around the world in seconds.
All of these sites add value by connecting networks to other networks through personal relationships - phenomenally powerful but at the same time limited. Every profile is a unique entity, and we quickly get too many of them.
It's not unusual for even a lazy networker to have 200+ connections on Linked In, 100+ friends on Facebook, 500+ followers on Twitter and maybe another 200+ contacts on various forums. Active bloggers will many more, and a lot they don't even know about. Posts get sent around the Internet and indexed by Search Engines and found by anybody looking.
With social networking the law of diminishing returns starts to apply at a frighteningly low number of contacts.
Feeding these "machines" with contributions is itself a time draining task. Keeping clear in our brain who does what and how that advantages us is impossible. Understanding, planning and managing how we exploit the opportunities arising from our connections soon runs into problems with our pay grade. We can't do it.
We need some software :-) but please don't suggest CRM.
We need more than customers - suppliers, partners, advisers, experts, friends, relations. We need to know about our relationships with them and their networks. We need to be able to plan, and execute how we use all of these connections and keep records of what we did.
We need R.A.M - flexible enough to accommodate all relationships and plans, easy to use so we don't have to waste networking time on it, and hosted on the Internet so it stays out of our way.
Steve Reeves is Founder and CEO of Front Office Box, the Business 2.0 solution for helping smaller businesses manage plans, tasks, schedules and relationships. His passion is helping them exploit the Internet to increase opportunities and enhance capabilities
Steve is a 30 year veteran of sales and sales management roles in the B2B space, primarily software, consulting and outsourcing
Visit Steve's blog at http://frontofficebox.ning.com
and visit Front Office Box at http://www.frontofficebox.com
Article Source: http://EzineArticles.com/?expert=Steven_S_Reeves
By definition, Digital Asset management (otherwise known as DAM) includes tasks and decisions relating to ingesting, annotating, cataloging, storage, retrieval, repurposing and the distribution of digital assets. DAM, in its earlier days, was referred to as optimizing, maintaining, thinning and exporting files. As digital libraries grew so too did the need to do more with the assets contained therein. DAM has since evolved to become an essential part of an organization's business process for organizing rich media assets such as pictures, images, video and audio for storage, retrieval and distribution.
What Digital Asset Management Can Do For You Many organizations are integrating DAM as part of their business-critical strategy for managing digital assets. They need dedicated solutions to help overcome operational and organizational challenges unique to them. DAM provides much needed centralization, optimizing workflow, virtual collaboration and seamless integration with other digital media applications so that there is minimal disruption to existing processes while maximizing business efficiencies. It ultimately helps organizations of all shapes and size work better, faster and smarter - giving them more time to focus on other mission-critical objectives.
Broadcast, Media and Entertainment Primarily DAM is used by creative users including photographers, video editors, marketing and advertising professionals, to name but a few. So, DAM systems must integrate with all kinds of creative applications, allowing digital data to be quickly accessed, easy to manipulate in a collaborative environment and made available via simplified distribution. Other key benefits include streamlining internal operations, as well as the entire production environment; shortening editing cycles in post production and providing an end-to-end storage and management solution. DAM plays a vital role in media and entertainment businesses in innovating new designs, generating new sources of revenue or return on investment, and ultimately, in achieving high customer satisfaction.
Print and Publishing DAM also helps print and publishing businesses in managing the assets that are created in image form like graphics and scanned documents layouts. DAM solutions manage various components of digital assets like images, photographs and their description data associated with them. DAM systems are a key component in identifying the most efficient way to get images, video, audio, pdf's, InDesign, PPT's, Excel, Word, EPS, GIF, and SVG files from where they are created and managed to their ultimate destination.
Advertising and Marketing Agencies Advertising, design and marketing services companies face a challenging business landscape with shorter client engagement times, lower billed revenue per account executive, reduced customer switching costs and an increasing commoditization of the services they are delivering. These changes suggest that revenue growth appears to be an impossible goal for agencies when you also consider the: It provides a powerful tool that relieves some of the throughput strain on existing creative, studio, and production staff; meets the need for tighter security for clients' rich media assets; and enables creative teams to move faster, be more efficient and effective everyday.
Educational Institutions Instructors are challenged with the task of integrating e-learning environments with in-class teaching programs. DAM plays a vital role in helping modern educational and training institutions promote and encourage new forms of learning and generate revenue from sources never before possible. DAM systems give them the ability to leverage a virtual 'treasure trove' of existing learning assets contained within libraries and instructors' offices. The technology lets instructors cost-effectively access, repurpose and deliver them via distance-learning, video lectures and instruction, self-service portals, and collaborative curriculum development and make them available to the faculty, students, and the wider world.
Conclusion The unprecedented rise in the number of digital assets in an organization's virtual library is one of several driving forces behind the need for sophisticated DAM solutions. In less than 10 years alone DAM has moved from a 'nice to have' service to a 'need to have' business requirement that: streamlines the creative workflow process; enables a centralized and collaborative creative working environment; provides a reliable and scalable platform that cost-effectively delivers assets across a distributed network; and finally, unleashes the revenue potential of an existing library of assets that can be easily repurposed to generate new top line growth. Innovative technology vendors and their ability to bring solutions to market are helping reshape the way organizations think about what DAM can do for them.
Founded in 1994, North Plains Systems, Inc. is the world's leading provider of enterprise-class and hosted digital asset management and market asset management solutions. Its comprehensive family of TeleScope solutions delivers true end-to-end workflow support from asset creation and collaboration to production and distribution
Article Source: http://EzineArticles.com/?expert=Nathan_Kemp_Rodnay
In recent years there has literally been an explosion in the types of devices and products that are available that make full use of digital technology, in order to deliver a huge selection of services and products to the market. Frequently nowadays, when people take a family picture or capture their vacation memories they are doing so with a digital camera. Other digital asset files, like videos and music, are increasingly being made available through digital downloads from the internet or via digital media, such as DVDs, CDs and MP3s.
As a result of all of these digital devices, resources and products, digital asset management is becoming an increasingly important type of specialized management knowledge. With the increase in the number of products that are now being produced by digital means and the various digital media delivery devices, companies are finding that making sure that all types of their digital assets are being correctly developed, managed, stored and archived. This is becoming every bit as important as other types of current assets a company must account for and manage.
A digital asset might be available in a number of different formats today. Such assets can be types of intellectual properties, such as book manuscripts, plays, music and even some types of videos, which can be created entirely digitally and also stored and delivered by electronic means. Digital assets might also include a vast array of digital information, which either originated through digital creation or has been converted into a digital form.
In order to help businesses that rely heavily on producing, collaborating, storing, or distributing their electronic information and files, a digital asset management system should be used. This software technology solution can assist organizations with the management knowledge it needs in order to properly handle the categorizing, cataloging, and archiving of their digital files.
Because of the investment in time and technology that companies have put into the creation of a growing number of digital projects, these high-tech works now make up an ever increasing portion of the total assets of a company. Asset management software can help to protect such assets by assuring that the valuable files can be safely and easily stored and retrieved when needed.
Another component to effective digital asset management is making sure that these electronic resources are secured through efficient and regular backup processes. Electronic asset management services are cropping up that provide technology solution options for having these assets backup off-site, often in at least two additional locations to safeguard against the loss of these files in the case of emergency or disaster.
One of the challenges with any type of digital media system to manage current assets of the electronic age is providing a way for the users of the information to access it quickly and easily, regardless of where the files might be located. The technology solution tools of the best digital asset management software programs provide a simple, yet powerful interface that allows the needed data to be found and deployed quickly.
Enrich your knowledge further by reading more great digital asset management articles from Mike Selvon portal. We appreciate your feedback at our financial planning blog where a free gift awaits you
These days, when people talk about business assets, in many cases they are talking about much more than the physical or tangible assets that have long been the primary measuring stick of a businesses value. More and more often, businesses, especially those that engage in ecommerce, have significant "digital assets" that have a great deal of bearing on their bottom line. As a result, effective digital asset management is becoming increasingly important.
Digital asset management is reaching a point of what some experts call "critical mass" and a potentially volatile time in the brief existence and history of managing digital assets. It is precisely because it is such a new area of business and expertise that it can be difficult to manage at times. One of the reasons for this is that as digital, current assets have become increasingly important to businesses, the solutions for asset managers to use to effectively manage these unique assets have not been at all standardized.
Due to this factor of not yet having standardization in place, digital asset management, while increasingly important, is still "technically" in its infancy. Industry insiders expect that consolidation of both technology solution tools and management tools will result in the smaller, and often more innovative players either joining forces with larger competitors or simply being driven out of business.
The current definition of a good, digital asset management system includes a combination of software and hardware technology solution tools for businesses of all sizes and also includes the work flows that make use of those digital assets. This includes the complete array of digital files, digital storage devices and digital communication pathways that allow for the use, sharing, integration and flow of the information.
Digital asset management is also a category of specialized software that has seen explosive growth in recent years, most particularly as the popularity of digital multimedia has flourished. Without a doubt, most every type of organization today has a great deal of time, cash flows and resources invested in the work that has been produced in some type of digital format and which have added significant dividends to the organization.
At the core of asset management software for digital assets is the establishment of a secure, electronic "clearinghouse" for the storage, daily use, archiving, and distribution of the digital data assets. This "clearinghouse" is essentially a powerful database structure which is carefully constructed around a company's file organization scheme, naming conventions, and daily work flow patterns. Such digital management software is also often referred to as media asset management (MAM), content management, and digital asset warehousing.
In the near future, digital asset management is expected to become a multi-billion dollar industry as increasing numbers of companies, organizations and even individuals continue to migrate from traditional formats of all kinds of information and media to digital formats. This creates unique opportunities for investors and developers, and also for individuals who hone their skills in this important area, which will only continue to expand.
It should be noted that digital asset management is not only related to making sure that equipment, software and work flows are accounted for and in place. Just as important, and sometimes more so, is having well-qualified people to not only produce high-quality digital assets but also to know how to properly manage those electronic assets.
Enrich your knowledge further by reading more great asset management articles from Mike Selvon portal. We appreciate your feedback at our financial planning blog where a free gift awaits you
Article Source: http://EzineArticles.com/?expert=Mike_Selvon
Can you imagine any website devoid completely of content? The answer is simply 'no'. Delivering online information through quality web content is essential for any site. Apart from giving useful information, from SEO point of view,also optimized website content gives better ranking. Like any other site feature content also needs to be managed and kept up-to-date. Webmasters can face lots of difficulty in managing content if all is messed up and has to be done in one go. For this purpose site owners have started installing content management system so that the content can be organized properly.
One such system is 'Digital asset management' where files can be organized successfully and you can retrieve them back as and when required. Every site owner dreams of getting web traffic from all over the globe. A site may consist of web pages or forms that are used round the clock. These pages needs to be well organized otherwise chances of missing the web traffic increases.
Installation of content management system have enabled the webmasters to complete the job of managing content in an easier manner and fulfilling demands of the customers and the business. The instances of files getting misplaced gets nullified and workload gets lesser. Here conducting regular updates manages the entire content system.
If you plan to add more quality web pages to your site than the webmasters should firstly prefer to imbibe proper content management system. It would help in developing right content and use it in a professionally proficient manner. In absence of such tools and services, instances of losing important files get increased.Right kind of digital asset management system can very well upgrade the features of a website.
You might ponder what are the basic benefits that can be procured by using digital asset management system. This system has several advantages especially for handling of confidential data that need security and authentication for making it accessible. Required protection to files can be given through digital asset management system.
Apart from getting content security you can search for the documents needed. Webmasters can search for files based on different queries. This system carries out the data maintenance process in a well organized and easier manner.
Using proper content management system very well integrates several divisions of a website successfully. Fresh and updated content is always welcomed by the customers as well as search engine spiders.
Copyright © 2009
SPINX - is a best web design company provides services like Organic SEO Services Los Angeles Website Design West Hollywood, Website Design Santa Monica & also across the world
Article Source: http://EzineArticles
Financial asset management systems are also referred to as IT asset management services and are computer-run systems that keep inventory, track hardware and software assets that manages client's technology assets. These include the procurement, leasing or eventual selling of these assets. Originally intended to maintain management systems, financial asset management systems have be revised numerous times and are now used to more efficiently work on preventing and predicting system maintenance, recording and tracking equipment, coming up with inventories for parts replacement, and even providing labor scheduling. It is the primary goal of financial asset management systems to make asset management more reliable, accurate and efficient. Centralizing assets making them at arm's reach of the clients and even their suppliers as well.
There are a number of financial asset management systems available in the market nowadays. Although these systems may be quite costly, their popularity remains steadfast due to the rewards that companies may get out of their use. Before investing on a financial asset management system that works, companies must consider some important factors.
Because of the huge amount of data that is put into these systems, companies must consider the system's ability to store them in such a way that information may be easily searched for when needed. This makes it more convenient for the companies and the suppliers alike when searching for the information that they need. Another important consideration when buying financial asset management systems would be ease of use. Systems which are user-friendly and are easily manipulated are more preferred than other systems due to obvious reasons. It also lessens the likelihood of having to train people specifically for the use of the system itself, rather it may be used by anyone from the company.
Financial asset management systems also provide real-time updating and superb archiving for added efficiency. They may even include added features such as reporting and cataloguing and may even be customized to fit the needs of the company that will be using it.
Asset Management provides detailed information on Asset Management, Asset Management Software, Asset Management System, Digital Asset Management and more. Asset Management is affiliated with Offshore Asset Protection
Article Source: http://EzineArticles.com/?expert=Alison_Cole
While it might be true that you can get a pretty good quality image from the low priced digital cameras these days, one thing that many people overlook is the kind of file asset managers that come with the camera. The more people use a digital camera and the more pictures they take will develop into a need to effectively manage the files, so it is important to evaluate the digital asset management system that is included with the camera.
Customarily, the low end digital cameras simply store as much data as possible on the data card in the camera and the files have some kind of numeric numbering scheme. The main problem is that the user has to constantly engage in "sneaker net," which mean manually going back and forth between the digital camera and data card with its limited storage capacity and transferring the file to a computer hard drive.
It doesn't take long before the user can find themselves with a jumble of digital photos that are difficult to sort through and view. Good digital asset management software that provides a technology solution to this situation is one way of overcoming this challenge.
A digital asset management system for handling these types of files can be found for any kind of operating system, including Windows, Mac and Linux. Software asset management solutions are available for the individual or family that might have just a few hundred personal photos that need to be managed. Often, such software is included with the operating system, such as iPhoto on Apple computers.
However, companies that have a great deal of the total assets of their company in the form of electronic image files need digital asset management software that is considerably more robust than the technology solution software that is designed for personal usage. Advertising agencies, professional photographers, photography studios, publishers, online retailers and many other types of businesses increasingly find that adequate electronic asset management systems can make a huge difference in their profitability.
Much of the issue of profitability, when it comes to properly handling a large number of digital files in a company, comes down to simply being able to find the right file in a timely manner. Employees who need to access the files to collaborate, store, edit, distribute, and archive must have the asset management knowledge to be able to quickly and easily find the needed files in order to work with them as needed.
Having a good digital management system starts with the creation of a standardized naming and filing scheme so that everyone in the organization knows clearly how a new digital media asset should be named and filed. When this is done from the start there is a great deal less confusion and potential for lost files or for a great deal of time lost in tracking down the electronic data files.
An essential part of digital asset management that must be in place in order to protect a company's current assets in the way of digital work, is to have an automated system for backing up and archiving valuable data. Many software asset management systems today take advantage of internet connections to create backups of all files on remote servers, which adds a layer of protection in case of damage to on-site equipment.
Enrich your knowledge further by reading more great digital asset management articles from Mike Selvon portal. We appreciate your feedback at our financial planning blog where a free gift awaits you
Article Source: http://EzineArticles.com/?expert=Mike_Selvon