Here's the latest news on digital asset management.

According to Wikipedia:

Digital Asset Management consists of tasks and decisions surrounding ingesting, annotating, cataloguing, storage and retrieval of digital assets, such as digital photographs, animations, videos and music. Digital asset management systems are computer software and/or hardware systems that aid in the process of digital asset management. The term "digital asset management" (DAM) also refers to the protocol for downloading, renaming, backing up, rating, grouping, archiving, optimizing, maintaining, thinning, and exporting files. "There are two primary types of DAM software: browsers and cataloging software. A browser reads information from a file but does not store it separately. Cataloging software stores information in its own separate file, however, the software and the catalog document it makes are distinct from the photos themselves."

Magan Arthur writes:

If you have been around the content management field for some time you might have read attempts from various writers to define and clarify the difference among solutions described by the those innumerable industry acronyms: DM, DAM, WCM, KM, DRM, etc. Unfortunately significant confusion still exists, particularly about the role of Digital Asset Management (DAM) systems. After all, aren't "assets" really just files? So couldn't we use the same Document Management (DM) system that we use to manage all our other files? Well, the marketplace has spoken and its answer is, "no." It turns out that managing digital assets -- while in some ways similar to managing documents -- constitutes a specific business problem that requires specialized software. This article will contrast DAM systems with DM systems. Along the way, you should learn what content management skills and knowledge you could transfer between DM and DAM projects, as well as what is truly unique about managing rich media assets as opposed to text or imaged documents.