DAM News Round-Up – 27th January 2025
A selection of DAM-related articles from around the web, sourced by the DAM News editorial team.
The 6 stages of the digital asset lifecycle
This useful reference from DAM vendor ResourceSpace explores the various stages of the digital asset lifecycle, from creation through to distribution and final archival or disposal. Each of the stages is broken down, along with some insights and guidance as to why management of the lifecycle is important to maintaining a healthy streamlined DAM, assuring brand consistency and fostering an overall good DAM housekeeping policy.
The Shutterstock-Getty Images Merger: A Bold Move in a Shifting Landscape
Visual tech expert Paul Melcher takes a closer look at the recent merger between the two stock library heavyweights, Shutterstock and Getty Images. Paul explains how the changing landscape of high quality visual content acquisition has seen prices plummet as free image libraries and generative AI platforms disrupt the once profitable industry. Paul considers a number of drivers behind the merger, what impact the largest photo agency in history will have on its stakeholders, creators and end users, and asks whether such a bold tactic is likely to stave off the existential threats of AI, shrinking profit margins and changing market dynamics.
Introducing: Mediagraph’s New Plan Structure
DAM solutions provider Mediagraph have just announced a restructuring of their platform’s plans and pricing. They now offer five different tiers: Essential, Essential AI, Enterprise (formerly Multi-Department), Integrated Enterprise, and Agency, which supports multiple branded DAM environments under the same contract. The post also introduces their Shared Libraries feature, which allows numerous Integrated Enterprise instances to seamlessly connect with each other’s content.
Replay: Emerging DAM Trends with Ralph Windsor and Wedia
The video for last week’s webinar is now available on YouTube. Featuring Ralph Windsor and Wedia Co-founder Olivier Grenet, the session covers a broad range of DAM topics and emerging trends including AI-assisted features such as autotagging, visual search, and metadata generation. Of special note is Ralph’s recent findings on the use of LLMs to analyse statistics and other data such as audio, video and chat transcripts in order to identify and extract a base metadata set that can be used to provide a deeper level of context – a crucial aspect of DAM which is often overlooked.
Image Bank vs DAM: What’s the difference?
Digital Asset Management software provider FotoWare highlight the difference between dedicated image banks and DAM platforms. Key differences include the scope of assets, including extended file type support, that are supported by DAMs, enhanced search capabilities, advanced metadata management beyond simple tags and descriptions and collaboration functions such as user permissions and approvals. Further differences that distinguish DAM include workflow automation and consent management, rights management, scalability, and the ability to integrate with third-party connectors and platforms.
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