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An average of $8,200 per person is spent on asset management activities.

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The AEC industry’s profound dependence on images to tell the stories of their projects means an image management solution is one of the cornerstones of an architecture or engineering firm. However, an asset is only an asset when you can find it, and find it quickly.

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According to GISTICS research, professionals were found to spend an average of one out of every 10 hours of their time on file management. Searches alone accounting for a full third of that time!

A suitable Digital Asset Management solution saves not just time, but there is a cost reduction as employees spend less time locating assets and more time working on current projects. An average of $8,200 per person per year is spent on management activities which include searching, verification, organisation, back-up and security. If you are a firm of 100, you can quickly see how being unable to locate an asset can be costly for your firm. In addition, GISTICS found that the average creative person looks for media 83 times per week, and fails to find it 35% of the time with no DAM in place. They estimated that a DAM system, like OpenAsset, will help cut the rate of failing to locate the media will fall to 5%.

OpenAsset’s content search feature can search AEC images by project, date, location, and more

Broadening our offerings to the professional services marketplace with OpenAsset.

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Author: smartsoftware

Smartsoftware is an international provider of software solutions for the architectural, engineering, construction and professional services industries. Providing everything from project management, financial management, document control and resource planning to time collection and business development, our integrative products offer a total business solution – designed to streamline workforce processes, improve business performance, and maximise resource potential and increase productivity. www.smartsoftware.net Follow us on Twitter @smartsoftware_1

4 thoughts on “An average of $8,200 per person is spent on asset management activities.

  1. Pingback: 87% of data is shared digitally, with 88% being sent unsecured. | Smartsoftware Blog

  2. Pingback: DAM is all about saving time, right? | Smartsoftware Blog

  3. Pingback: The project portfolio is the backbone of AEC firms | Smartsoftware Blog

  4. Pingback: The Benefits of Digital Asset Management? [Infographic] | Smartsoftware Blog

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