Twitter Facebook LinkedIn Flipboard 0 The average company loses $10,000 a year by incorrectly managing its digital assets. But what can be done to prevent such losses? Implementing a digital asset management system can help your business to recoup those losses. While implementing a DAM system carries a significant cost and time expenditure up front, the return on investment over time makes it well worth it. The initial cost of implementing a DAM system includes lost days due to installation and training. The average employee will need to be trained for four hours initially and two hours per year thereafter. But when compared to the average two hours a week spent searching for digital assets, the time savings becomes more apparent. Digital assets such as stock photos, files, design files, and presentations represent your company’s time and money. Implementing a digital asset management system can help employees locate those files more quickly, share them without road blocks, and repurpose existing work for new projects. It can also save your company money in numerous ways. For more information about how your company can benefit from digital asset management, check out this infographic. You might be surprised just how great of a return there could be on such an investment. Twitter Tweet Facebook Share Email This article was written for Business 2 Community by Connor Brooke.Learn how to publish your content on B2C Author: Connor Brooke Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has … View full profile ›More by this author:ACH Crypto Price Prediction 2022 – Is it a Buy?Lucky Block Partners with Dillian Whyte ahead of Heavyweight Showdown with Tyson FuryNFT Pixel Art – The Best NFT Collections for 2022