A Forrester New Technology Projected Total Economic Impact™ Study Commissioned By Adobe, January 2025
In recent years, generative AI (genAI) has transformed content creation workflows and enabled new business opportunities at enterprise-sized organizations. This technology continues to evolve as creative and marketing professionals face increasing demand to close content gaps and create content with greater speed and variety to power global, personalized marketing programs. To keep pace with this demand, enterprises are seeking genAI solutions built on commercially safe technology that deliver high-quality creative content at scale.
Adobe’s Creative Solutions for Enterprise powered by Firefly genAI helps organizations accelerate core creation and ideation, automate scaled production of asset variations, streamline reviews and collaboration, customize genAI models to match a brand’s own styles and products, and enable all business teams to easily create standout content while staying on brand. Key applications include:
Adobe commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying these solutions.1 The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of the technology on their organizations.
To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed 11 representatives from six organizations with experience using these solutions. For the purposes of this study, Forrester aggregated the interviewees’ experiences and combined the results into a single composite organization that earns $10 billion in annual revenue. The global organization runs 300 marketing campaigns per year that require more than 550,000 hero and variant assets. The financial results modeled for the composite organization are conservative and risk-adjusted.
Interviewees at enterprise-sized brands said that prior to using Adobe’s Firefly-enabled technology, their organizations had reached a plateau in scaling content production without increasing costs or sacrificing quality. Similarly, interviewees at large agencies received requests from clients to incorporate new technology, like genAI, into content creation to close content gaps in their marketing.
Interviewees’ teams had previously struggled with content production inefficiencies due to time-consuming manual work, such as asset editing and retouching, and inadequate collaboration tools. These challenges prevented them from scaling content creation and limited their ability to deliver relevant and engaging campaigns to customers. While interviewees were interested in using genAI solutions, they had concerns over technology governance and copyright infringement risk.
Interviewees gained confidence in using Firefly due to Adobe’s approach to genAI model training (e.g., it only uses licensed or public domain content where copyright has expired) and its support for indemnification, which further mitigates legal risk. Since using Firefly in Adobe’s creative solutions, interviewees’ organizations addressed their production inefficiencies and experienced several benefits, including greater productivity and efficiency in their content creation and production processes.
With Firefly within Creative Cloud, for example, creative teams were able to increase the breadth of ideas and concepts used to inspire asset creation and produce hero assets faster. By training Firefly Custom Models with their own assets, they were able to generate content that reflected their brand’s identity safely and privately, further scaling creation and reducing time-consuming reviews and rework.
Similarly, with Firefly Services, interviewees noted that their teams significantly scaled content production without having to take on additional costs or bandwidth for support. Frame.io enabled greater collaboration and streamlined reviews and feedback among creative teams and key stakeholders to unlock the production process. And for organizations leveraging Adobe Express, non-creative teams were empowered to create on-brand content easily, enabling the “last mile” of content creation.
The cumulative effect of these solutions also led to top-line benefits. By scaling content production, interviewees’ organizations reached and engaged customers with more timely, localized, and personalized content that drove revenue growth.
This study will explore how Adobe’s Creative Solutions for Enterprise powered by Firefly contributes to these benefits and how the benefits are expected to expand and evolve over time.
Quantified projected benefits. Forrester’s conservative, three-year, risk-adjusted quantified benefits for the composite organization include:
Unquantified benefits. Benefits that provide value for the composite organization but are not quantified for this study include:
Costs. Three-year, risk-adjusted PV costs for the composite organization include:
Forrester modeled a range of projected low-, medium-, and high-impact outcomes based on evaluated risk. This financial analysis projects that the composite organization accrues the following three-year net present value (NPV) for each scenario by enabling Adobe Creative Solutions for Enterprise:
Projected return on investment (PROI):
Benefits PV:
Total costs:
From the information provided in the interviews, Forrester constructed a New Technology: Projected Total Economic Impact™ (New Tech TEI) framework for those organizations considering an investment in Adobe’s suite of Creative Solutions for Enterprise powered by Firefly genAI.
The objective of the framework is to identify the potential cost, benefit, flexibility, and risk factors that affect the investment decision. Forrester took a multistep approach to evaluate the projected impact that Adobe’s Creative Solutions for Enterprise can have on an organization, including productivity, cost savings, and revenue growth.
Interviewed Adobe stakeholders and Forrester analysts to gather data relative to Adobe’s Creative Solutions for Enterprise and Adobe Firefly.
Interviewed 11 representatives at six organizations piloting and/or using these solutions to obtain data about projected costs, benefits, and risks.
Designed a composite organization based on characteristics of the interviewees’ organizations.
Constructed a projected financial model representative of the interviews using the New Tech TEI methodology and risk-adjusted the financial model based on issues and concerns of the interviewees.
Employed four fundamental elements of New Tech TEI in modeling the investment’s potential impact: revenue, costs, flexibility, and risks. Given the increasing sophistication of ROI analyses related to technology investments, Forrester’s TEI methodology provides a complete and conservative picture of the total economic impact of purchase decisions. Please see Appendix A for additional information on the TEI methodology.
Readers should be aware of the following:
This study is commissioned by Adobe and delivered by Forrester Consulting. It is not meant to be used as a competitive analysis.
Forrester makes no assumptions as to the potential ROI that other organizations will receive. Forrester strongly advises that readers use their own estimates within the framework provided in the study to determine the appropriateness of an investment in Creative Cloud for Enterprise powered by Firefly genAI.
Adobe reviewed and provided feedback to Forrester, but Forrester maintains editorial control over the study and its findings and does not accept changes to the study that contradict Forrester’s findings or obscure the meaning of the study.
Adobe provided the customer names for the interviews but did not participate in the interviews.
Consulting Team:
Corey McNair
| Role | Industry | Region | Number of employees |
|---|---|---|---|
| EVP of creative marketing | Media and entertainment | HQ in North America, global operations | 20,000+ employees |
|
Global chief design officer Head of design |
Technology | HQ in North America, global operations | 150,000+ employees |
| Head of martech and director of digital commerce use cases | Consumer packaged goods (CPG) | HQ in Europe, global operations | <50,000 employees |
|
Branch 1: Global chief technology officer Branch 2: EVP and director of content creation |
Agency | HQ in North America, global operations |
Branch 1: 2,000+ employees Branch 2: <500 employees |
|
Branch 1: Global head of AI and data product Senior brand manager Branch 2: Chief product officer |
Agency | HQ in North America, global operations |
Branch 1: 11,000+ employees Branch 2: 1,000+ employees |
|
EVP of innovation Executive innovation director |
Agency | HQ in Europe, global operations | <10,000 employees |
Each interviewee said their organization used Adobe Creative Cloud applications, including Photoshop, Illustrator, and InDesign, before adopting Firefly genAI capabilities, Frame.io, Custom Models, Firefly Services, and Adobe Express. Despite Creative Cloud applications’ versatility, interviewees noted that their organizations struggled with common challenges, including:
Several factors led the interviewees’ organizations to begin using Adobe’s new genAI-based Firefly capabilities, including:
Based on the interviews, Forrester constructed a TEI framework, a composite company, and an ROI analysis that illustrates the areas financially affected. The composite organization is representative of the 11 interviewees, and it is used to present the aggregate financial analysis in the next section. The composite organization has the following characteristics:
Description of composite. The composite organization is a global, enterprise-sized company with multiple business lines, $10 billion in annual revenue, and 20,000 employees. Among its employees are 37 in-house creatives and 85 extended full-time equivalent creative workers (e.g., global, off-site, and/or contractor workforce) using Adobe Creative Solutions for Enterprise for their day-to-day work. The organization runs 300 campaigns per year and produces 10 hero assets for each campaign. For each campaign, the creatives at the composite produce variants of each hero asset across eight channels (including display, social, and video), up to three additional variants within each channel, with each variant appearing in eight languages — totaling more than 550,000 assets per year.
Deployment characteristics. The composite organization has leveraged Adobe Creative Cloud for Enterprise for years and is now leveraging Firefly extensively within these applications. In Year 1 of the financial analysis, creatives at the composite make use of Adobe Creative Cloud’s genAI features. Creatives also start training Custom Models and begin using them to create on-brand assets, as well as deploying Firefly Services across select campaigns that receive full support with variations across channels and geographies. The composite also adds Frame.io for collaboration, workflow management, and review cycles.
By Year 2, the composite forms internal best practices across these solutions as they reach maturity in adoption. By Year 3, they are fully embedded into new creation and production workflows across the composite.
| Projected Benefits | Year 1 | Year 2 | Year 3 | Total | Present Value |
|---|---|---|---|---|---|
| Total projected benefits (low) | $2,261,458 | $4,358,820 | $6,246,200 | $12,866,478 | $10,351,065 |
| Total projected benefits (mid) | $2,924,669 | $5,621,019 | $8,042,900 | $16,588,588 | $13,347,011 |
| Total projected benefits (high) | $3,537,880 | $6,783,218 | $9,689,600 | $20,010,698 | $16,102,159 |
Evidence and data. Interviewees shared that their creative teams spent upwards of a fifth of their project time ideating and conceptualizing foundational creative concepts, including creating mood boards and experimenting with brand design colors or stylings. Much of the time spent on this work was inflated by constructive feedback from stakeholders, clients, or executives asking them to go back to the drawing board.
Interviewees said Firefly’s genAI capabilities in Adobe Creative Cloud’s applications, along with Custom Models, helped streamline this process. For example, the head of design at a technology company noted there was a speed advantage to creating these storyboards within Illustrator, using the text-to-vector graphic capability to automate iconography and pattern production with simple prompts. They could then use Generative Recolor to quickly apply feedback from stakeholders to revise those concepts.
Custom Models also enabled interviewees’ organizations to increase the volume and types of conceptual output beyond what was previously possible. The senior brand manager at an advertising agency spoke about training artificial intelligence on specific iconography and styles using Custom Models to maintain a level of brand governance in the creative output. With consistently on-brand assets, their team was able to conceptualize product presentations with many different scenes and backgrounds to show how products could appear in different contexts.
The senior brand manager said: “If we’re planning to widely distribute materials using our library of icons, we use [Custom Models] more as a concepting tool to add in some visual elements and flair. We did create a couple concepts from a model that would be production ready, which sped up the process a ton.”
Modeling and assumptions. Based on the interviews, Forrester assumes the following for the financial analysis as applied to the composite organization:
Results. This yields a three-year projected PV ranging from $590,000 (low) to $1.4 million (high).
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| A1 | FTEs involved in ideation and conceptualization | Composite | 10 | 10 | 10 | |
| A2 | Campaigns incorporating Firefly capabilities | Composite | 150 | 250 | 300 | |
| A3 | Percentage of total work on campaigns impacted | A2/300 | 50% | 83% | 100% | |
| A4 | Total time spent on ideation and conceptualization (hours) | A1*A3*2,080 working hours | 10,400 | 17,264 | 20,800 | |
| A5Low | 30% | 30% | 30% | |||
| A5Mid | Increased productivity in ideation and conceptualization with Firefly | Interviews | 50% | 50% | 50% | |
| A5High | 70% | 70% | 70% | |||
| A6Low | 3,120 | 5,179 | 6,240 | |||
| A6Mid | Annual productivity benefit (hours) | A4*A5 | 5,200 | 8,632 | 10,400 | |
| A6High | 7,280 | 12,085 | 14,560 | |||
| A7 | Fully burdened average hourly rate for an in-house creative FTE | TEI standard | $50 | $50 | $50 | |
| AtLow | $156,000 | $258,950 | $312,000 | |||
| AtMid | Boost in productivity of creative ideation | A6*A7 | $260,000 | $431,600 | $520,000 | |
| AtHigh | $364,000 | $604,250 | $728,000 | |||
| Three-year projected total: $727,000 to $1,696,000 | Three-year projected present value: $590,000 to $1,377,000 | |||||
Evidence and data. Interviewees said their organizations accelerated hero asset creation with Firefly in Creative Cloud applications. For example, they explained creatives were no longer limited to working with only photos and videos taken from shoots. The global chief design officer at a technology company said: “For us, it’s huge to have Generative Fill and Expand in Photoshop. Resizing, expanding, and manipulating photos is tedious work, and those features are an assistant in enabling our productivity.”
Meanwhile, the EVP and director of content creation at an agency called out After Effects and said: “The workflow capability to rotoscope or remove people from video is a huge time saving for us compared to how we used to work. It’s helped us generate new, high-quality campaign materials while doing video production work faster.”
In addition to Creative Cloud for Enterprise, interviewees said they trust Custom Model’s ability to consistently produce on-brand, high-quality outputs. After spending time training models on brand assets, the organizations’ creative teams didn’t need to focus on nailing the appearance of branding in new assets. The global chief technology officer at an agency said: “We have very talented designers who understand a brand’s value, and being able to codify that value through training a Custom Model is huge. It’s not just a time saver, it helps us capitalize on our design talent by replicating their quality outputs at scale.” They also shared that their organization saw a nearly 200% return on investing time into training sets with the time they had since saved.
The senior brand manager at an agency found value by training Custom Models on elements surrounding a brand’s products. They said: “Teams can train [the model] on the look and feel of scenery that they want, like weather or location, then put the product imagery in. That’s the longer journey we’re on: understanding how we can create environment parameters that are repeatable.” This approach helped some interviewees spend less time searching for tags to pull assets they were looking for since they could generate the desired image by just writing text.
Modeling and assumptions. Based on the interviews, Forrester assumes the following for the financial analysis as applied to the composite organization:
Results. This yields a three-year projected PV ranging from $1.3 million (low) to $2 million (high).
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| B1 | FTEs supporting campaign hero asset creation | Composite | 25 | 25 | 25 | |
| B2 | Campaigns incorporating Firefly capabilities | Composite | 150 | 250 | 300 | |
| B3 | Percentage of total work on campaigns impacted | B2/300 | 50% | 83% | 100% | |
| B4 | Total time spent creating new assets for campaigns using Firefly capabilities (hours) | B1*B3*2,080 working hours | 26,000 | 43,160 | 52,000 | |
| B5Low | 40% | 40% | 40% | |||
| B5Mid | Increased productivity in creating hero assets | Interviews | 50% | 50% | 50% | |
| B5High | 60% | 60% | 60% | |||
| B6Low | 10,400 | 17,264 | 20,800 | |||
| B6Mid | Productivity benefit (hours) | B4*B5 | 13,000 | 21,580 | 26,000 | |
| B6High | 15,600 | 25,896 | 31,200 | |||
| B7 | Fully burdened average hourly rate for an in-house creative FTE | TEI standard | $50 | $50 | $50 | |
| B8 | Productivity recapture | TEI standard | 66% | 66% | 66% | |
| BtLow | $343,200 | $569,712 | $686,400 | |||
| BtMid | Accelerated hero asset creation | B6*B7*B8 | $429,000 | $712,140 | $858,000 | |
| BtHigh | $514,800 | $854,568 | $1,029,600 | |||
| Three-year projected total: $1,599,000 to $2,399,000 | Three-year projected present value: $1,299,000 to $1,948,000 | |||||
Evidence and data. Interviewees from organizations that used Firefly Services said their companies significantly scaled production of asset variants deployed across marketing campaigns and e-commerce experiences. Marketing teams were able to serve multiple versions of more relevant product assets to audiences, such as geographically localized backdrops or seasonal elements. Firefly Services’ API integration with creative workflows automated teams’ ability to personalize customer experiences and provide audiences with fresh content. According to interviewees, the solution could help increase variant production by as much as 10 to 20 times.
The head of martech and director of digital commerce at a CPG organization said: “We have demonstrated [with Firefly Services] that genAI can help in the personalization journey, because it’s a capability that we can scale. When we’re sending emails to different audiences, we now have a larger library of generated images to use that are relevant to the customers receiving that message.”
The interviewee shared a proof of concept for a hair conditioner product their organization sells: They prompted Firefly Services to create a variant image displaying hair attributes based on customer data (e.g., blonde curly hair, wavy brown hair, etc.). In the past, the interviewee’s team would create only four to five variant images to include in a campaign; however, the team created between 80 to 100 variant images during this pilot test.
Teams at the interviewees’ organizations were encouraged to create more variants because of the high quality of the assets. The global chief technology officer at an agency said: “We’ve used Firefly Services’ APIs to incorporate different templates and layers into images. But it’s not just replacing the background image, it’s doing things like realistically showing how reflections might work on a surface. It’s that kind of effectiveness with AI that’s huge for us.”
The global chief technology officer cited the variant creation feature as particularly helpful for a pilot case with a consumer electronics client that had thousands of products marketed to different audiences globally. Firefly Services helped their agency avoid spending extensive time creating different asset versions for each audience.
Firefly Services enabled other interviewees’ organizations to more effectively reach additional markets. The EVP of innovation at an agency shared that a client who initially only had budget to market to five priority regions was able to reach 50 regions using the solution.
Modeling and assumptions. Based on the interviews, Forrester assumes the following for the financial analysis as applied to the composite organization:
Results. This yields a three-year projected PV ranging from $3.9 million (low) to $4.5 million (high).
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| C1 | Extended creative support FTEs supporting campaign variant creation | Composite | 75 | 75 | 75 | |
| C2 | Campaigns incorporating Firefly capabilities | Composite | 100 | 200 | 300 | |
| C3 | Percentage of work on campaigns impacted | C2/300 | 33% | 67% | 100% | |
| C4 | Total time spent creating variants for campaigns using Firefly capabilities (hours) | C1*C3*2,080 working hours | 51,480 | 104,520 | 156,000 | |
| C5Low | 70% | 70% | 70% | |||
| C5Mid | Increased productivity in creating asset variants | Interviews | 75% | 75% | 75% | |
| C5High | 80% | 80% | 80% | |||
| C6Low | 36,036 | 73,164 | 109,200 | |||
| C6Mid | Productivity benefit (hours) | C4*C5 | 38,610 | 78,390 | 117,000 | |
| C6High | 41,184 | 83,616 | 124,800 | |||
| C7 | Fully burdened average hourly rate for an extended creative support FTE | TEI standard | $30 | $30 | $30 | |
| C8 | Productivity recapture | TEI standard | 75% | 75% | 75% | |
| CtLow | $810,810 | $1,646,190 | $2,457,000 | |||
| CtMid | Increased productivity in creating asset variants | C6*C7*C8 | $868,725 | $1,763,775 | $2,632,500 | |
| CtHigh | $926,640 | $1,881,360 | $2,808,000 | |||
| Three-year projected total: $4,914,000 to $5,616,000 | Three-year projected present value: $3,943,568 to $4,506,935 | |||||
Evidence and data. Each interviewee said Frame.io was a critical technology in their organization’s creative collaboration and review processes. The head of martech and director of digital commerce use cases at a CPG company said: “Frame.io eliminates a lot of the endless back and forth between creatives. You’re able to see end-to-end feedback given, decisions made, etc., all within one application. It makes work much more manageable.” They added that this was particularly helpful when working with agencies, as they could reallocate time from reviewing materials toward being more productive and iterating content.
For video content, Frame.io further improved the editing process for interviewees’ organizations by enhancing communication between teams. For example, editors were able to leave feedback on videos at specific timecodes and have Frame.io automatically notify colleagues. Editors rarely had to compile their notes in an email to send to their team or repeatedly nudge them to follow up.
Interviewees said that by training their models on approved, branded material with Custom Models, they were able to avoid review time if the AI-generated content was on brand. The outputs maintained brand consistency, which established trust among reviewers and relaxed their need to pore over specific branded elements like colors or styles.
If any issue was caught, it typically stemmed from their prompt and was a quick fix. The head of design at technology company said: “Features like Photoshop interoperability and the ability to leverage Generative Fill and retouch is a game changer. Something that would have taken a designer several hours to do right with a highly complex image or set of images can now be done in a matter of minutes.”
Interviewees found that Firefly Services was able to handle complex asset creation on the scale of thousands that didn’t require significant retouches or fixes. The head of martech and director of digital commerce use cases at a CPG company noted that their organization completely streamlined its review process and avoided four to five feedback cycles on variant content produced in its proof-of-concept experience with Firefly Services and Frame.io.
Modeling and assumptions. Based on the interviews, Forrester assumes the following for the financial analysis as applied to the composite organization:
Results. This yields a three-year projected PV ranging from $907,000 (low) to $1.0 million (high).
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| D1 | In-house FTEs reviewing and fixing hero assets | Composite | 2 | 2 | 2 | |
| D2 | Time spent reviewing and fixing hero assets (hours) | D1*2,080 working hours | 4,160 | 4,160 | 4,160 | |
| D3 | Fully burdened average hourly rate for an in-house creative FTE reviewing and fixing hero assets | TEI standard | $50 | $50 | $50 | |
| D4 | Percentage of hero asset work impacted | A3 | 50% | 83% | 100% | |
| D5 | Extended creative support FTEs reviewing and fixing content | Composite | 10 | 10 | 10 | |
| D6 | Time spent reviewing and fixing variant assets (hours) | D5*2,080 working hours | 20,800 | 20,800 | 20,800 | |
| D7 | Fully burdened average hourly rate for an extended creative support FTE | TEI standard | $30 | $30 | $30 | |
| D8 | Percentage of work impacted (rounded) | C3 | 33% | 67% | 100% | |
| D9Low | 65% | 65% | 65% | |||
| D9Mid | Time savings on reviewing and fixing assets | Interviews | 70% | 70% | 70% | |
| D9High | 75% | 75% | 75% | |||
| DtLow | $201,448 | $383,968 | $540,800 | |||
| DtMid |
Reduced time spent reviewing and fixing assets |
(D2*D3*D4*D9)+(D6*D7*D8*D9) | $216,944 | $413,504 | $582,400 | |
| DtHigh | $232,440 | $443,040 | $624,000 | |||
| Three-year projected total: $1,126,216 to $1,299,480 | Three-year projected present value: $906,775 to $1,046,278 | |||||
Evidence and data. According to interviewees, Adobe’s genAI capabilities enabled their organizations to become more cost efficient with existing photoshoots and expand derivative content. For example, teams could carry out a single product photoshoot without the need for extra time, travel, or expenses to capture the product in various settings or at specific times. Instead, they took photoshoot assets and leveraged solutions such as Firefly Services to show products against various backdrops.
For creative teams that operated on a limited budget, these cost and time efficiencies helped maximize their resources. The head of martech and director of digital commerce use cases at a CPG company shared that although their organization operates in more than 70 countries globally, it doesn’t have a photographer or crew readily available to produce new material in each country. By using Firefly Services, the company no longer relied on older content from a particular country or bought stock material. Instead, it automatically generated fresh, professional-grade product imagery in different locations and settings that only required minor touch ups.
This interviewee also shared an example from a product shoot for shampoo: After recognizing that an American-style bathroom wouldn’t resonate around the world, they quickly used Firefly Services to create content that showed the product in both UK- and Japanese-style bathrooms without having to travel or recreate scenes.
For some companies, production savings were not realized up front. The chief product officer at an agency shared that some brands their organization has worked with have put more money into shoots to build out asset repositories. The brands plan to train Custom Models on these assets to create evergreen outputs and expects long-term savings.
Modeling and assumptions. Based on the interviews, Forrester assumes the following for the financial analysis as applied to the composite organization:
Results. This yields a three-year projected PV ranging from $1.2 million (low) to $2.4 million (high).
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| E1 | Campaigns incorporating Firefly capabilities to create variants | Composite | 100 | 200 | 300 | |
| E2 | Percentage of campaigns requiring a photoshoot | Composite | 20% | 20% | 20% | |
| E3 | Average production hard costs per campaign (e.g., photoshoots, freelance/external support) | Composite | $50,000 | $50,000 | $50,000 | |
| E4Low | 25% | 25% | 25% | |||
| E4Mid | Greater efficiency in photoshoot expenditure | Interviews | 40% | 40% | 40% | |
| E4High | 50% | 50% | 50% | |||
| EtLow | $250,000 | $500,000 | $750,000 | |||
| EtMid | Greater efficiency in photography expenditure | E1*E2*E3*E4 | $400,000 | $800,000 | $1,200,000 | |
| EtHigh | $500,000 | $1,000,000 | $1,500,000 | |||
| Three-year projected total: $1,500,000 to $3,000,000 | Three-year projected present value: $1,204,000 to $2,408,000 | |||||
Evidence and data. Adobe’s Creative Solutions for Enterprise enabled interviewees’ organizations to serve audiences with a larger variety of fresh images and create more relevant experiences. A few brand interviewees said they saw their organization’s customers log higher engagement with visuals that featured local landmarks (generated based on the location being served) and products in customers’ preferred colors (generated based on past purchase data).
The head of martech and director of digital commerce at a CPG organization said Firefly Services was a key driver of this improvement. In an email campaign that previously would have used four templated emails, the company created between 80 to 100 variant images to leverage. The organization targeted a select group of recent customers, who bought hair products within the last 35 days, and served them images of hair in specific colors and shapes that reflected the results achieved with their previous purchases. Leveraging Firefly Services for this use, along with Adobe Journey Optimizer, the company saw a 300% improvement in click throughs to conversion.
Similarly, the global chief design officer at a technology company ran an early test and created a social campaign with 1,200 assets. Previously, building a campaign of this scale would have taken 10 days to complete, but asset generation only took two days using Firefly capabilities in Creative Cloud. The increased content volume combined with higher customer relevance resulted in over 26 times more engagement on social media content. The interviewee said: “It performed incredibly well. The variety and relevancy of content drove a huge performance gain. This was just the first experiment, but for it to be a cost saver, time saver, and a well-performing campaign is exciting.”
Modeling and assumptions. Based on the interviews, Forrester assumes the following for the financial analysis as applied to the composite organization:
Results. This yields a three-year projected PV ranging from $2.4 million (low) to $4.8 million (high).
| Ref. | Metric | Source | Year 1 | Year 2 | Year 3 | |
|---|---|---|---|---|---|---|
| F1 | Campaigns incorporating Firefly capabilities | Composite | 100 | 200 | 300 | |
| F2 | Average incremental revenue directly attributed to each campaign | Interviews | $10,000,000 | $10,000,000 | $10,000,000 | |
| F3Low | 0.50% | 0.50% | 0.50% | |||
| F3Mid | Revenue uplift from higher engagement (attributed to more relevant content) | Interviews | 0.75% | 0.75% | 0.75% | |
| F3High | 1.00% | 1.00% | 1.00% | |||
| F4Low | $5,000,000 | $10,000,000 | $15,000,000 | |||
| F4Mid | Additional recognized revenue | F1*F2*F3 | $7,500,000 | $15,000,000 | $22,500,000 | |
| F4High | $10,000,000 | $20,000,000 | $30,000,000 | |||
| F5 | Operating profit margin | TEI standard | 10% | 10% | 10% | |
| FtLow | $500,000 | $1,000,000 | $1,500,000 | |||
| FtMid | Revenue growth from increased engagement | F4*F5 | $750,000 | $1,500,000 | $2,250,000 | |
| FtHigh | $1,000,000 | $2,000,000 | $3,000,000 | |||
| Three-year projected total: $3,000,000 to $6,000,000 | Three-year projected present value: $2,408,000 to $4,816,000 | |||||
Interviewees mentioned the following additional benefits that their organizations experienced but were not able to quantify:
The value of added flexibility is unique to each customer. There are multiple scenarios in which a customer might implement Adobe’s Creative Solutions for Enterprise and realize unique business opportunities or additional use cases, including:
Flexibility would also be quantified when evaluated as part of a specific project (described in more detail in Appendix A).
| Ref. | Cost | Initial | Year 1 | Year 2 | Year 3 | Total | Present Value |
|---|---|---|---|---|---|---|---|
| Gtr | Adobe Creative Solutions for Enterprise license, professional services, and user training costs (risk-adjusted) | $0 | $608,055 | $956,445 | $1,376,445 | $2,940,945 | $2,377,371 |
Evidence and data. All of the interviewees’ organizations had Adobe Creative Cloud for Enterprise licenses. For greater access to Firefly capabilities within Creative Cloud, and for Custom Models, Firefly Services, and Frame.io, the organizations paid incrementally more based on the number of users of the solutions and the scale of work being carried out. There was an additional cost attached to annual payments for organizations leveraging Adobe’s Professional Services to help with solution implementation and technical support.
Regarding user training, interviewees said using Firefly capabilities within Creative Cloud for Enterprise felt like a natural extension of the solutions they already used. The global chief technology officer at an agency said: “It’s a huge advantage that Adobe has all of this integrated into your current workflows with Photoshop or Illustrator. You can deploy Generative Fill in your normal workflows, and it all moves seamlessly.” Interviewees noted that employees spent less time on training to use these solutions.
Custom Models and Firefly Services took a little more time for employees to learn effectively. Employees spent time developing best practices on how to train models to keep content on brand and how to generate assets at scale by stringing together APIs. Once they developed these best practices, teams shared this guidance with employees new to using the solutions.
Some interviewees said their organization folded Adobe Firefly into its general genAI training. The global chief design officer at a technology company said: “We’ve done a lot of internal enablement on generative AI. There are so many facets to AI that we train everybody on. Adobe is a component of larger training we do from a technical standpoint on genAI use cases.”
Modeling and assumptions. Based on the interviews, Forrester assumes the following for the financial analysis as applied to the composite organization:
Risks. Results may not be representative of all experiences, and the cost will vary between organizations depending on the following factors:
Results. To account for these risks, Forrester adjusted this cost upward by 5%, yielding a three-year, risk-adjusted total PV (discounted at 10%) of $2.4 million.
The financial results calculated in the Benefits and Costs sections can be used to determine the PROI and projected NPV for the composite organization’s investment. Forrester assumes a yearly discount rate of 10% for this analysis.
These risk-adjusted PROI and projected NPV values are determined by applying risk-adjustment factors to the unadjusted results in each Benefit and Cost section.
| Year 1 | Year 2 | Year 3 | Total | Present Value | Net PROI | |
|---|---|---|---|---|---|---|
| Total costs | ($608,055) | ($956,445) | ($1,376,445) | ($2,940,945) | ($2,377,371) | |
| Total benefits (low) | $2,261,458 | $4,358,820 | $6,246,200 | $12,866,478 | $10,351,065 | 335% |
| Total benefits (mid) | $2,924,669 | $5,621,019 | $8,042,900 | $16,588,588 | $13,347,011 | 461% |
| Total benefits (high) | $3,537,880 | $6,783,218 | $9,689,600 | $20,010,698 | $16,102,159 | 577% |
New Technology: Projected Total Economic Impact (New Tech TEI) is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists solution providers in communicating their value proposition to clients. The New Tech TEI methodology helps companies demonstrate and justify the projected tangible value of business and technology initiatives to both senior management and other key stakeholders.
Projected benefits represent the projected value the solution delivers to the business. The New Tech TEI methodology places equal weight on the measure of projected benefits and projected costs, allowing for a full examination of the solution’s effect on the entire organization.
Projected costs comprise all expenses necessary to deliver the proposed value, or benefits, of the solution. The methodology captures implementation and ongoing costs associated with the solution.
Flexibility represents the strategic value that can be obtained for some future additional investment building on top of the initial investment already made. The ability to capture that benefit has a PV that can be estimated.
Risks measure the uncertainty of benefit and cost estimates given: 1) the likelihood that estimates will meet original projections and 2) the likelihood that estimates will be tracked over time. TEI risk factors are based on “triangular distribution.”
The initial investment column contains costs incurred at “time 0” or at the beginning of Year 1 that are not discounted. All other cash flows are discounted using the discount rate at the end of the year. PV calculations are calculated for each total cost and benefit estimate. NPV calculations in the summary tables are the sum of the initial investment and the discounted cash flows in each year. Sums and present value calculations of the Total Benefits, Total Costs, and Cash Flow tables may not exactly add up, as some rounding may occur.
Related Forrester Research
Shift Generative AI In Martech From Theory To Reality, Forrester Research, Inc., November 6, 2024.
Maximize The Magic Of AI Visual Content, Forrester Research, Inc., August 8, 2024.
Generative AI Uplevels B2B Personalization To Contextualization, Forrester Research, Inc., August 21, 2024.
Critical Actions To Advance GenAI Marketing Adoption, Forrester Research, Inc., July 18, 2024.
Advance GenAI Marketing From Pilot Projects To Proficiency, Forrester Research, Inc., February 22, 2024.
Generative AI Ignites Change In B2B Content, Forrester Research, Inc., June 28, 2023.
1 Total Economic Impact is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists solution providers in communicating their value proposition to clients. The TEI methodology helps companies demonstrate, justify, and realize the tangible value of business and technology initiatives to both senior management and other key stakeholders.
Cookie Preferences
Accept Cookies
A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. It enables the website to remember your actions (data inputs, website navigation), so you don’t have to re-enter data when you come back to the site or browse from one page to another.
Behavioral information collected by our web analytics vendor is used to analyze data pertaining to visitor trends, plan website enhancements, and measure overall website effectiveness. We may also use cookies or web beacons to help us offer you products, programs, or services that may be of interest to you and to deliver relevant advertising. We may use third-party advertising companies to help tailor website content to users or to serve ads on our behalf. These companies may also employ cookies and web beacons to measure advertising effectiveness.
Please accept cookies and the collection of behavioral information to receive full functionality and enhance your experience. If you decline cookies, some features of the website may not function normally.
Please see our
Privacy Policy for more information.
https://mainstayadvisor.com/go/mainstay/gdpr/policy.html