Role of Marketing Resource Management in Asset Managment
Martech Outlook | Monday, January 02, 2023
MRM systems integrate many solutions to handle a company's marketing assets through a marketing-first approach and deep integrations.
FREMONT, CA: Research shows that 23 percent of marketers surveyed allocate a budget between USD 100 thousand and USD 500 thousand on content in the coming year—with 16 percent planning to spend up to USD million. There are more than 20 people involved in content operations in 43 percent of organizations, and 76 percent plan to hire more staff to improve content operations in 2022.
Marketing Resource Management (MRM) features centralized digital asset management and integrates capabilities to support deep system integrations. Marketing management solutions handle assets as business functions become more complex.
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MRM systems solve difficulties in managing digital assets. Choosing the right MRM streamlines business challenges.
Integrated digital asset management: An organization's digital assets value its marketing efforts. Content marketers create individual pieces of content, such as blog articles, graphics, and podcasts. The brand's logos, approved images, and other visual assets are also relevant marketing assets.
Digital asset management (DAM) organizes and tags assets in a centralized library so any party can easily access them.
A marketing-first approach: MRM systems centrally organize resources, and marketing departments must manage large reserves of resources. Data storage, asset management, and reusing assets are among the biggest challenges marketers face today. Marketing-specific solutions are essential over those designed for a broader audience. The features of marketing-specific tools are designed to simplify operations by integrating multiple processes.
Capability to support deep integrations: A company's management tools should allow deep integrations, not just surface-level extensions. Integration tools map directly to the way the team works across the full marketing campaign and content lifecycle, influencing every stage of the process. Companies can choose from solutions that map to common use cases and integrate with the tools they use every day. Public API helps companies transfer content and data between systems and extend the functionality of digital management systems.
At every stage of the marketing lifecycle, from campaign planning to execution, marketing resource management involves allocating digital assets, budgets, planning capabilities, editorial calendars, content production, creative briefs, and metrics.
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