It’s a very messy industry, the one we are entering with Brand Capital. I kid you not.
Some things are moving forward, along with the times. I am seeing content and digital asset management vendors moving up from selling purely to IT clients to selling to marketing and brand clients who are the actual business owners of brand assets. At the same time, IT clients are collaborating with internal marketing and brand teams because in these economic conditions budgets get slashed so easily and even most acutely needed projects are frozen without a rock solid business case to defend them. Every person is accountable to the highest degree, and most of us have to prove our worth every 6 months if not more often. Having to think about what you are doing and why exactly is a good thing.
However, I am also seeing marketing and brand clients with digital asset management and marketing resource management needs still predominantly surpassing any talks with their IT team and going directly to their digital creative agencies. And then the IT folk going mad trying to integrate all these bespoke solutions that can be brilliant for their purpose but mostly unsuitable for any integration without pretty much reinventing the wheel. And then the brand or marketing client despairing over the sky-rocketing costs for the project that was meant to be straight-forward and low maintenance. Sound familiar?
So where is it all going wrong? Why aren’t demand and offer meeting? There are an extremely clever group of individuals, consultancies, and vendors in this industry who are doing a great job in educating clients and industry alike, but their work seems most appreciated amongst those forward-thinking companies who already know the value of good brand asset management tools. On the other hand, business is actually booming for some who are working hard to adjust their proposition and to offer not just process efficiency and financial gains, but also support for engaging and inspiring the brand communities they are serving. But even they are struggling to find the right clients to sell to.
What else is needed? There are 4 core groups that need educating about each other’s needs and requirements: the brand clients, the IT clients, the vendors, and the creative agencies. Even with the best of efforts, one of these always gets to join the conversation after decisions have already been made, and then it’s too late.
How will it ever happen? Through open discussion and debate about the role and value of brand asset management to different parts of an organisation, to a company’s creative agencies, and most importantly, to the brand itself.