VSM is a visual technique used to analyze and improve workflow processes. It involves mapping value-added versus non-value added activities to identify areas for improvement. The document discusses applying VSM to analyze a company's media extraction and migration workflow. It found that making the processes flow in a continuous manner and establishing first-in-first-out queues at each step could reduce the total workflow time by 40% by removing dependencies between steps. It recommends piloting these changes initially for smaller media sets to achieve more consistent and predictable lead times.