DAM News Round-Up – 28th October 2024
A selection of DAM-related articles from around the web, hand-picked by the DAM News editorial team.
How to streamline sports photography with AI and metadata — an example
DAM software provider Fotoware present a specialist workflow template for sports photographers in this recent blog post. The article highlights numerous unique challenges faced by photographers, including the need to identify key individuals, getting the images to the distributor quickly, consent management, and selecting the best shots among many thousands of images. The post highlights how AI can assist in identifying, for example, athletes’ and marathon runners’ numbers and tagging images accordingly. Additional tips regarding metadata-driven workflows are also provided, along with a free to download guide covering five essential DAM workflows (email registration required).
FADEL Announces Powerful Integration between Bynder DAM and FADEL Rights Cloud
Licensing and rights solutions provider FADEL have recently announced the launch of a connector for the Bynder DAM platform, enabling its users to clear content usage and track assets post-distribution. According to the press release, the integration facilitates seamless rights management, real-time display of licensing expirations and potential violations, and comprehensive AI-powered tracking of Bynder assets across brand, e-commerce and social media platforms.
How DAM, PIM, and PXM drive change beyond compliance
Digital Asset Management vendor QBank take stock of the recent DAM Day event, and in particular, Johan Boström‘s keynote on Digital Product Passports – a new European initiative that aims to enhance transparency across product value chains by providing information such as origin, materials, and sustainability. Johan’s keynote highlights the importance of DAM in managing the vast amounts of data that DPPs require, and how early adoption of integrated PIM, DAM and PXM (product experience management) platforms is likely to be the next big thing in omnichannel content and data management.
Acquia’s AI Rollout: Can DAM Integrations Keep It Competitive?
This recent post from Dom Nicastro takes a look at DAM vendor Acquia‘s activities over the last year, including their unannounced layoffs, restructuring, and their latest AI developments such as AI-assisted search, Video Creator, Video Transcription, automatic colour filtering, and their partnership with digital experience agency Phase2. The article also looks back at Acquia’s history, their support for a headless architecture, and the challenges associated with maintaining Drupal and multiple code bases for large enterprises.
4 Truths About OpenAI’s Wild Financial Position
As the hype surrounding ChatGPT settles, concerns and speculation concerning OpenAI’s financial stability have begun to surface. After a recent funding round that saw Microsoft, NVidia and SoftBank inject up to $6.6 billion, the company is now valued at $157 billion. However, as the article explains, OpenAI’s financial projections include some rather bizarre figures and exclude major expenses such as AI training costs. The company also suggests that its ChatGPT platform will make more money than its API, and despite securing funding, industry predictions are quoting a loss of $5 billion by the end of the year, rising to an estimated $14 billion a year by 2026.
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