20 Shocking Secrets About the News Business (Hint: It's All About Innovation)
Alpsp conference 2012 - Key takeaways
1. ALPSP Annual Conference 2012
Key takeaways
Bernie Folan
Los Angeles | London | New Delhi
Singapore | Washington DC
2. Forty years on in scholarly publishing...
1. Know your customers – well
2. Avoid cases that invoke the law
3. One-way communication between
stakeholders is doomed
4. Always consider alternative scenarios
5. Be open to new approaches
6. Diversify revenue streams
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
3. Information Industry: $462 billion, 2011
Source: Outsell
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
4. Global, technological & social news
impacting future of publishing
● Mobile, Social, and the Rise of GAFA
● Big Data and Extreme Analytics
● Focused Scale
● M&A, and Convergence, Aggregation
● Fun, Gamification, Philanthropy
● Human Assistance – Service and Culture
● Sales 2.0
● Open vs. Closed
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
5. Mobile, Social, and the Rise of GAFA
~25%
of waking hours
are spent on
mobile devices
Source: Outsell, Inc.
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
6. Fun & Gamification
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
7. Moving from product-centric to service-
focused. Publisher strategies should include:
● In-depth understanding of user workflows (critical
to adding value)
● Building a mobile strategy
● Simplifying users’ lives
● Getting closer to end-users
● Re-aligning the sales and marketing organization
● Avoid disrupting their own markets
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
8. Global Picture – Consortial and library
● Ireland: “dire”
● China: “selective”
● Australia: mandates for Ebook purchasing based on
FTE not previous pricing.
● India: no slow down. Huge investment in education.
New consortia appearing.
● Middle East: increased spending on research.
● Newer (less penetrated) consortia proceeding
cautiously and in increments (Mexico, Japan)
● Renewals still strong / Consortia purchasing model
still healthy
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
9. Outsider view (BBC digital content)
● “step away from your content. you’re in the
business of insight NOT journals.”
● Set KPIs at start & track elements that affect them.
● BBC learned can't be everywhere so partner with
start-ups who understand
● Fold It science puzzles to
solve problems.
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
10. Key change areas over next 15 years:
summarising panel debate
● Finch will be important in (finally) getting policy ball rolling
● Academic Spring contributed to momentum building on OA.
● "Academics will still give 1st born to get published in
Nature."
● Variable levels of knowledge with authors about OA
● Frustration with slow pace of publishing, peer review, etc -
just want to publish and move on to next
● Insts don't know enough about output. OA debate: “been
bloody, but enjoyable, at times.”
Measuring the Unmeasurable Los Angeles | London | New Delhi
Singapore | Washington DC
Hinweis der Redaktion
2 day conference.ALPSP is CLICKMy chosen 6 takeaways40 years old – opening keynote
Run through many years and areas – see slides for background. These are 6 lessons. Customers: Academics are (usually) slow to get upset with publishers but often vocal and effective when they are. (Weak marketing & market research)Law- You may well lose (in a number of ways) (short-sighted)Communication - Develop a dialogue to anticipate (and resolve) differences Alternatives: Change is constant and inevitable (Weak sales)Open: Experiment in the margin and beware the echo chamber effect (Weak business development)Diversify: Business stability depends on it (Risk averse)Good sound business sense really – Mary’s overall B----Where are we? I’d say for Sage: could do better but improving. Factoids: China taken over US and Germany in chemistry publications; Librarians want data to help them understand their inst and demo value.
GDP of Malaysia
Mark Ware (Outsell)1. Mobile: GAFA / Social: eg. Mendeley2. “Big data and extreme analytics” – SciVal and Citation analytics (Citation data the business analysis of academic research)3. Focused scale (direction of the big publishers. Companies that are dominant and compete on scalebut do so with deep emphasis on a topical area or areas - divesting of business parts that distract)4. Mergers – Convergence (books and jnls?)Human assistance: the more digital our world will become, the more important human experience mattersSales 2.0 - “buyers complete 75% of their sales cycle on the web before ever talking to a sales person”Open: APIs, access (not just jnls), appas, data, education resources etc
Give people a leader board and they can't resist trying to get to the top. [eg BMJ's "Practice Makes Perfect“] clinical questions against a timer.Septris: Stanford med school developed for teaching doctors to treat sepsis – hugely costly illness, deadly and fast-moving.
Snapshot of infoChina: mature consortia purchasing less; newer consortia cautious; renewals strong. Need local marketing expertiseAustralia: mandates for Ebook purchasing based on FTE not previous pricing.Brazil growing; Mexico up and coming but political issues
Chunking Top Gear (based on market research); youtube; apps; games etc. Chunk down your content meaningfully.Fold.it: The number of different ways even a small protein can fold is astronomical because there are so many degrees of freedom. Figuring out which of the many, many possible structures is the best one is regarded as one of the hardest problems in biology today and current methods take a lot of money and time, even for computers. Foldit attempts to predict the structure of a protein by taking advantage of humans' puzzle-solving intuitions and having people play competitively to fold the best proteins.