In today’s digitally fast-paced world, more and more companies are managing their business assets and processes online. Gone are the days when you’ll have to keep track of your files stored in dusty boxes and piles of documents, receipts, invoices, sales logs, and timecards, that are all cramped in your office or storeroom. Since most files are now digital, using a digital asset management software solves efficiency and security issues.

Digital asset management, or DAM, is a platform that takes the place of those physical storage spaces and even traditional internal servers. It offers a more organized and retrievable solution by streamlining the process of storing, archiving, searching, retrieving and circulating files. If you’re looking for a specific file from 5 years ago, you’ll no longer sift through documents individually that was arranged in a stream of consciousness that’s both frustrating and time-consuming.

Digital assets can range from images, videos, audios, creative files, documents, and presentations, among others; hence, a digital asset management system also covers a wide array of solutions from an individual digital file library to enterprise-level file database.