creating presets for dynamic media

Hi All,

I am reading the following documentation about creating presets for use with dynamic media. My understanding is that you can build all the renditions using dynamic media and from AEM you can see the url pointing from AEM. This is the page I am reading

https://experienceleague.adobe.com/docs/experience-manager-cloud-service/content/assets/dynamicmedia/managing-image-presets.html?lang=en

my understanding for AEMaaCS is that "DAM Update Asset " workflow no longer exists so how do i build presets for illustrator and indesign? 

thanks in advance