Jinfo for content purchasing
Jinfo Blog
5th January 2018
Abstract
Jinfo's director of research, Robin Neidorf, discusses how to determine "value" when acquiring and evaluating content, plus presents a round-up of Jinfo's most relevant articles, reports and reviews for people responsible for buying content and content products.
Item
The working agenda for content purchasing and licensing in 2018 looks to be a continuation of the trends that have dominated the field for the past three years: whilst we're seeing stabilisation of content budgets - and even some modest increases - the focus in 2018 will continue to be on measuring the value of investments in content and data.
These are not easy or standard measurements, however, and we are only now developing the right tools to capture and report them.
Determine the "right" resources
You'll find a myriad of examples, resources and worksheets to support different kinds of value analysis in:
- The just-completed Research Focus "Define and manage value for current awareness"
- As well as the current Research Focus "Stake your claim in the success of data analytics".
Both of these projects emphasise the central role of content purchasing and licensing in identifying and delivering the right resources.
But the calculus required to determine "right" is complex, and the variables may change as the business itself changes. Whether you are examining news sources to feed into a current awareness system or data sources to incorporate into an analytics project, "value" emerges through combining the direct costs of both content and technology and balancing all that against the actual business impact.
Explore "value" in the context of content acquisition
I explore all these ideas in much greater detail in my chapter, "Optimizing, Measuring, and Reporting Value on Content Acquisitions" in the just-published "The Emerald Handbook of Modern Information Management", edited by Toby Pearlstein and James Matarazzo.
Also, consider participating in Jinfo's three-session set of Community sessions scheduled for July - September 2018:
This online workshop, offered in three parts, is included with a Community subscription. Non-subscribers can join for a registration fee. Click for more details and to register.
But for immediate inspiration, there's plenty in recent Jinfo resources. Subscribers, sign in now for access. Non-Subscribers, what are you waiting for?
Find out how Jinfo supports content purchasing
Jinfo resources support content purchasing with original research, product reviews, market landscapes, Q&As with vendors and more. If you have a Jinfo Subscription, you have access to all our Content. Click any link below to login and view, save or share any item, register for webinars, and download reports.
We publish research-based insights, facilitate peer-to-peer discussions on them and offer consulting services to tailor those insights to your needs. Find the right Jinfo Subscription components to meet your needs.
Recent Subscription Content of particular interest to our customers involved with content purchasing:
Articles:
- Q&A with Linguamatics - digging deep into unstructured text
- Jinfo data analytics survey (part 3 - data supply, costs and other vendor-related concerns)
- Q&A with LexisNexis - what's new in text mining?
- Verifying the accuracy of news
- Data analytics as the domain of the information professional
- How to balance shrinking spend with the high cost of premium databases
- Data analytics - measuring the information professional's contribution
- How to make mergers and acquisitions work for you
- Will information professionals help drive the data analytics train or be left on the platform?
- Merger and acquisition activities amongst information vendors
- Technology drivers in current awareness
- Curation Corporation - overcoming information overload
- Is it time for a new current awareness platform?
- Translation rights and licensing of online content
- Comparing product satisfaction for Factiva vs Nexis users
- Jinfo current awareness survey 2017 (part 4 - satisfaction with primary product)
- What is the value of social media in current awareness?
- Jinfo current awareness survey 2017 (part 2 - commentary on content)
- Part 2 - How information services can best work with procurement
- Part 1 - How information services can best work with procurement
- Are niche news sources disrupting traditional news aggregators?
- Using signal media and artificial intelligence in news
- Defining content aggregators in current awareness
Reports:
- Jinfo survey - data analytics needs and concerns 2017
- Subscription update for information services management
- Subscription update for information services management
- Insights and Actions report for the Research Focus "Define and manage value for current awareness"
- Jinfo current awareness survey 2017
- Subscription update for information services management
- Market landscape - IHS Markit
- Market landscape - training for AI and data analytics
- Market landscape - text and sentiment analytics
- Market landscape - document review and AI
- Market landscape - intelligence platforms
- Market landscape - link resolvers
Product reviews:
- Overview - Usecasehub from Evalueserve
- Product review of Nexis
- Product review of Factiva
- Mini review of LexisNexis TraceIQ
- Product review of Dow Jones DNA
- Mini review of LexisNexis Newsdesk - recent enhancements
- Product review of S&P Capital IQ
- Product review of the InfoDesk product suite
Recorded webinars:
- Current awareness in 2020
- The impact of shrinking spend on premium databases
- The increasing role of technology in current awareness
- Future-proof your service by refocusing on higher-value work
Upcoming:
The Research Focus, "Stake your claim in the success of data analytics", runs from January - March 2018, and explores the role(s) information teams can and should play in the move towards data-focused business practices. Among the key findings of our research is the urgent need for the information industry as a whole to fix the problems of third-party licensing for analytics purposes. Professionals with expertise in content purchasing need to be part of these discussions.
As part of this Research Focus, we are offering a number of relevant webinars and Community sessions:
Webinars:
- 18th January: Real-world analytics and you
- 6th February: The trouble with datasets - industry trends on licensing data for analytics projects
Community sessions:
- Blog post title: Jinfo for content purchasing
- Link to this page
- View printable version
- Jinfo for content purchasing
Monday, 4th September 2017
Community session
11th December 2024
2025 strategic planning; evaluating research reports; The Financial Times, news and AI
5th November 2024
How are information managers getting involved with AI? Navigating privacy, ethics, and intellectual property
- 2025 strategic planning; evaluating research reports; The Financial Times, news and AI
5th November 2024 - All recent Jinfo Subscription content
31st October 2024 - End-user training best practice research
24th October 2024
- Jinfo Community session (TBC) (Community) 23rd January 2025
- Clinic on contracting for AI (Community) 11th December 2024
- Discussing news and AI strategies with the Financial Times (Community) 21st November 2024