DAM vs PIM: how to create memorable product stories
blogJanuary 20, 2023
Part 3: Want to enrich your product stories at every touchpoint? Find out which solution is right for your digital assets.
You need more than one lens to streamline your digital data
Creating a successful omnichannel roadmap for your product means looking through a data-centric lens at all your product information. This includes your digital assets, from product images and videos to brand logos and social media assets. To meet various demands on your product assets, you’ll need to secure a single source of truth for all these assets.
But which digital assets are we talking about here? And what lens do you need?
Firstly, there are organization-wide digital media assets. This includes internal assets like training videos, as well as external-facing assets such as logos and promotional materials that help protect and standardize your brand identity. This lens is your brand view.
Secondly, there are all the digital assets related to your product. This includes all images, diagrams, videos, and more, that will be distributed to sales channels. It also includes all documentation that supports the go-to-market process, such as sustainability specifications. This lens is your product view.
Both lenses are business-critical and require the right software for the task. But if you’re searching for solutions, you’ll typically come across two software options that meet these needs:
- Digital Asset Management (DAM)
- Product Information Management (PIM)
Which one is right for you?
DAM or PIM?
If you’re trying to work out which of these solutions best meets your needs, first understand your options:
What is DAM?
Digital Asset Management (DAM) lets you store, organize, manage, and share all your organization-wide digital assets in a centralized hub. This includes logos, videos, metadata, layouts, promotional materials, and more. Employees and other stakeholders have controlled access to find and use your digital assets quickly, easily, and securely. This includes writers, designers, and marketers in charge of your brand communication, new employees watching product videos, or even your compliance team who need to monitor various legalities for the wider organization.
What is PIM?
Product Information Management (PIM) provides a powerful, central repository for all product-related data within a company, including all product-related digital assets. PIM is a marketing and merchandising tool that lets you store, manage, and distribute product information to sales channels. The data contained within a PIM solution is used to meet external demands for product-related information, including sales, marketing, after-sales, and more. For a deeper dive on PIM, read how the inriver solution powers the full product journey.
What’s the difference between DAM and PIM?
To understand DAM and PIM, it’s important to know the similarities and differences between these two software solutions.
For starters, both solutions provide storage and management of digital assets. They also both improve efficiency and enhance the customer journey by ensuring accurate, up-to-date digital assets for a consistent brand and customer experience. Finally, both solutions also save you time and money by speeding up time-to-market and automating the distribution of digital and product assets.However, there are also key differences between the two solutions.
DAM is an enterprise-wide application that stores and manages all digital assets and files (both structured and unstructured) for the entire organization. Catering to both internal and external audiences, DAM extracts more value from your assets by ensuring they can be easily retrieved and standardized across your organization.
PIM is a business-led initiative that focuses on merchandizing the product. It stores, manages, and distributes only those assets related to the product and product cycle to support marketing, sales, and after-sales processes. PIM extracts more value from your assets by ensuring they can meet the dynamic needs of your business operations through the effective promotion of products. This can add significant value if you have a large variety of SKUs and/or sales channels.
Still not sure which solution is right for you? Let’s see if they can work together.
PIM and DAM integration
You may already have one of these solutions in your tech stack, or your business needs may not be met by just one alone. In this case, you’ll probably want to know if you can integrate both DAM and PIM.
Many large enterprises integrate both DAM and PIM to get the best of both worlds and extract the most value from their digital assets. Integrating the two solutions drives internal best practices to ensure there is a single source of truth for all assets across all processes and sales channels.
Integrating DAM and PIM can also translate into real implications for your revenue and ROI, through a faster time-to-market, improved internal efficiency, and external consistency. To build a personalized and contextual path to purchase, both product content and digital assets need to be searchable, accurate, enriched, and ready to publish. This ensures personalized engagement for the buyer, improved CX, and, ultimately, revenue growth.
For more information on integrating the two solutions, read our guide to PIM + DAM.
DAM or PIM: which solution is right for me?
Both DAM and PIM are simple, scalable solutions that are easy to integrate within virtually any business ecosystem. But which is right for your ecosystem? And which lens do you need for your product journey?
Firstly, you need to consider your use cases. Are you looking for an organization-wide repository for all your digital assets, from personnel headshots to SKU-level images? Or are you in need of something that will optimize your product-related assets to streamline your go-to-market strategy?
If you’re looking for a business-led software solution that helps you maximize profitability out of your digital assets at every touchpoint, then PIM is your answer. PIM’s capacity to provide a single source of product truth can meet your internal and external demands for optimized, accurate, and relevant product assets while eliminating those manual errors and delays that can quickly derail your omnichannel strategy.
PIM software is also configurable. It grows with your needs and demands, meaning it can act as a jumping-off point for your entire digital transformation. For example, starting with a PIM can help you meet your asset needs while taking advantage of the many connectors available for PIM, such as print tools. Later in your digital transformation journey, you may then decide to integrate further asset-related solutions, such as DAM, to meet your needs.
For a deeper dive on PIM, read the Gartner Market Guide for PIM Solutions. If you would like more information on securing the right lens for your product journey, be sure to to read the PIM buyer’s guide to learn more about product information management. Alternatively, speak to a PIM expert today to discover the difference inriver makes.