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Outsell’s Information Management Survey: An Update Jim Hydock VP & Practice Leader Outsell, Inc. 1 London Info International 25 November 2014.

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Presentation on theme: "Outsell’s Information Management Survey: An Update Jim Hydock VP & Practice Leader Outsell, Inc. 1 London Info International 25 November 2014."— Presentation transcript:

1 Outsell’s Information Management Survey: An Update Jim Hydock VP & Practice Leader Outsell, Inc. 1 London Info International 25 November 2014

2  Industry Update  Key IM Benchmarks and the State of IM  Next Steps Agenda 2

3 About Outsell

4 The Information Industry

5 5 A Story

6 $738 Billion Information Industry Ecosystems 6

7 Vendors – Key Issues 7

8 Libraries – Key Issues 8

9 Information Management: 2014 Trends that Matter 9 THE GLOBAL LIBRARY MARKET $24.8B Content budgets are split 66/34 between digital and print, and this is growing in favor of digital. INFO MANAGERS’ TOP AREAS OF INVESTMENT Managing the Migration to Digital 1. Moving Beyond Usage Statistics 2. Moving Toward a DIY Model 3.

10 Library Budgets 10

11 Outsell’s Information Management Survey: An Update

12 Outsell’s Annual IM Benchmarking Survey Focus on budgets, staffing, content, and vendors  Listservs, SLA, FedLink, Charleston Group, etc.  In progress through November 14, 2014  ~225 responses so far  Currently directional in nature  Confidence level of 95% +/- 5% at the total level. Library types with lower numbers of respondents have confidence levels of +/-7%  Fact-based perspectives and opinions 12

13 13 Survey Respondents by Library Type

14 Budgets and Investments

15 2015 Budgets by Library Type

16 16 Budget Categories

17 17 Top 5 Areas for Investment in FY15

18 18 How Would You Allocate 10% of Extra Budget?

19 Staffing

20 20 Percent of Time Spent on Activities

21 21 Technologies Used

22 22 Top 5 Skill Gaps

23 Content

24 24 Digital by Library Type

25 25 % of Budget to Content Areas

26 Preferred Licensing Options Source: Outsell's 2014 Information Management Benchmark & Trends 26

27 Source: Outsell's 2014 Information Management Benchmark & Trends 27 E-book Usage Rights in Place

28 Vendors

29 29 Librarians’ Views about Vendors

30 Source: Outsell's 2014 Information Management Benchmark & Trends 30 Most Important Usage Statistics

31 Next Steps

32 Imperatives Information managers  Strengthen the relationships with vendors.  Measure and deliver value beyond usage statistics.  Embrace a DIY model. 32

33 Essential Actions Vendors  Strengthen the relationship with IM managers.  Help IM deliver value.  Embrace flexibility. 33

34 34 A Story

35 35

36 36 Shift Happens!

37 November 2015 Outsell’s Enterprise Content – Buyers Meet Sellers Location to be determined in US

38 38 Questions & Discussion

39 About Outsell Outsell, Inc. is the world’s only research and advisory firm focused solely on media, information, and technology. We use a time-tested, quality-proven, top-secret blend of data, brains, community, and pizzazz to produce extraordinary value for our clients. Elite information industry executives from all over the world look to Outsell for trusted advice, bold insights, and confidential access to exclusive intelligence and decision support. Outsell has your back. You’ll stay more focused, save time, and grow revenue in a fast-changing, global, digital environment, and sleep better at night. Guaranteed. www.outsellinc.com info@outsellinc.com Burlingame, CA · USA +1 650-342-6060 London · United Kingdom +44 (0) 20 8090 6590 The information, analysis, and opinions (the “Content”) contained herein are based on the qualitative and quantitative research methods of Outsell, Inc. and its staff’s extensive professional expertise in the industry. Outsell has used its best efforts and judgment in the compilation and presentation of the Content and to ensure to the best of its ability that the Content is accurate as of the date published. However, the industry information covered by this report is subject to rapid change. Outsell makes no representations or warranties, express or implied, concerning or relating to the accuracy of the Content in this report and Outsell assumes no liability related to claims concerning the Content of this report.


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