Managing Digital Files With A Digital Asset Management System

Posted on September 15, 2009
Filed Under Technology | 9 Comments

Managing Digital Files With A Digital Asset Management System

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.

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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.

Watch the video related to technology asset management

www.ibm.com Bob Vavra, Editor of Plant Engineering Magazine, part of Reed Business Information, talks about how critical it is, to the success of a manufacturing plant, to employ and understand how to effectively use an enterprise asset management system. I think one of the biggest issues that we have with asset management is not everybody uses it just yet. The technology is there, the ability to manage the assets on the plant floor are very, very real, but a lot of manufacturers have a very …

Help answer the question about technology asset management

Lucent Technologies Management?
Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911

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Comments

9 Responses to “Managing Digital Files With A Digital Asset Management System”

  1. Robert M on September 16th, 2009 6:01 pm

    google

  2. Chi M on September 16th, 2009 6:38 pm

    I've sent the Excel file to the email address you gave me.

  3. frenchi322@yahoo.com on September 16th, 2009 9:05 pm

    I've sent the file to frenchi322@yahoo.com.

  4. sunshinewreaths on September 17th, 2009 3:31 am

    I've sent the Excel file to that address you gave me.

  5. pair on September 17th, 2009 8:56 am

    I've sent the Excel file to the email address you gave me.

  6. tasheeepoo on September 18th, 2009 3:46 pm

    I've sent the file to that address you gave me.

  7. Brooklyn2005 on September 19th, 2009 12:51 pm

    I've sent the file to that address you gave me.

  8. pattyj49 on September 19th, 2009 5:39 pm

    I've sent the file to that address you gave me.

  9. edgehog74 on September 19th, 2009 9:10 pm

    I've sent the file to the address you gave me.

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