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BISG Webinar: Technology Spending in Publishing

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A webinar for the BISG supported by my research report in software and services providers to the publishing industry.
https://information-media-partners.dpdcart.com/cart/add?product_id=174147&method_id=187478

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BISG Webinar: Technology Spending in Publishing

  1. 1. Technology Spending in Book Publishing © 2019, Book Industry Study Group, Inc. April 2, 2019
  2. 2. Overview of today’s webinar  Technology spending segments  Market dynamics  Trends in technology investments  Recommendations for buyers  Implications for software (solutions) providers 2
  3. 3. Today’s webinar participants  Michael Cairns  CEO, Information Media Partners  Brian O’Leary  Executive Director, BISG 3
  4. 4. BISG: An overview 4 Mission Vision Values Objectives To create a more informed, empowered and efficient book industry To serve as publishing’s primary resource for addressing issues that affect more than one part of the supply chain • Focus • Shared solutions • Results orientation • Best in class • Collaborative • Information • Standards • Research • Community
  5. 5. BISG Objectives Objective Detail Information Establish BISG as the “information hub” for the book industry supply chain. Standards Foster the development, refinement and use of standards that improve revenue, promote product visibility, reduce costs and ensure transparency across the book industry supply chain in the U.S. and across global markets. Research Shape the conversation about the current state and future of book publishing by studying and communicating about emerging topics, issues and trends that affect the book industry. Community Maintain relevance by growing a diverse membership base that reflects the various segments and participants of the book industry supply chain. 5
  6. 6. Technology spending overview  ERP solutions  Contracts, rights, and royalties  Title management  Editorial and production  Content management 6
  7. 7. ERP solutions Type Examples Large, cross-industry SAP, Oracle, Microsoft Dynamics Mid-tier, cross-industry Iptor, Infor, Sage, Epicor, Unit4 Large publishers Klopotek, Advantage, Virtusales Mid-tier publishers Firebrand, Ingenta, knk, Media Services Group, others Smaller publishers CWC Software, Bookflow, Ribbonfish, among others 7
  8. 8. Contracts, rights, and royalties Type Examples Large global media companies Fadel, Lumina Datamatics, Vistex, among others Focus on publishers/smaller companies Metacomet, RoyaltyShare, Eclipse, Dashbook, among others 8 The market for rights information solutions is much larger than book publishing and can extend to companies not considered part of global media or publishing. This makes the need for standards that align with other markets a cost-effective option for book publishing firms.
  9. 9. Title management (examples)  Supadu  BooksONIX  ONIXSuite (GiantChair)  Stison  ONIXEdit  BookEngine  Netread 9
  10. 10. Editorial and production  ScholarOne  Aries  Open Monograph  RSI (Orbis)  Arpha  Inera  Blanchard  Submittable  PressBooks  Typefi  Publish One  Seinet  Pagemajik  Deanta 10
  11. 11. Content management  Atypon  VitalSource  PubFactory  Ingenta  SilverChair  Ixxus (CCC)  Exaect Editions  Highwire  Tizra  iPublish Central  Project Muse  ScholarStar 11
  12. 12. Market dynamics  Rapid migration to content subscription models challenges legacy systems, processes  Providers are small (< $25 million/year)  Fragmented market  Finite avenues for funding and investment  Forcing providers to retool  Short-term cash drain  Longer term: beneficial for those who invest 12
  13. 13. Technology spending  In aggregate, publishing tech spending as a share of revenue matches other industries  Top 60 publishers measured  Compared to much larger industries  Harder to break down spending on legacy vs. new investments  Market demands pushing publishers to integrate product development with tech investments 13
  14. 14. Technology investment trends  Deliver purpose-built products across markets  Extract operational intelligence across systems (goals: efficiency and effectiveness)  Apply robotic process automation (RPA) and AI to remove costs that don’t tie to value  Build/expand an intelligent network  Partners, customers, suppliers, and more 14
  15. 15. Investment preferences  Modular ‘assembly’ solutions; rapid implementation  Quantifiable business benefits delivered early in the project timetable  Cloud and mobile-first capabilities  Compare to Amazon’s tech stack  Standard API architecture seen as ‘best in class’ 15
  16. 16. Recommendations for buyers  Understand total cost of ownership  Seek open-technology solutions (connectivity)  Know a vendor’s road map; look for partners who can “future proof” their solutions  Understand infrastructure, disaster recovery, business continuity before you buy  The more fractured the market, the more standard you want you implementation to be 16
  17. 17. Recommendations for providers  Think broadly about your competitive set  Not always the usual suspects  Invest in sales and marketing support  Be clear about business benefits, levels of support  Think about partners  Consolidation might be good for both the consolidated and the industry 17
  18. 18. Questions and comments 18
  19. 19. About the report  “Market Survey of ERP and CMS Software Solutions for Publishing Companies – 2019”  Link below (*) or search for the report  Available now  Listening to this presentation, use purchase code THANKS2019 for the BISG discount 19 * https://information-media-partners.dpdcart.com/cart/view?product_id=174147&method_id=187478#/
  20. 20. For more information  Michael.cairns@infomediapartners.com  Brian@bisg.org  Maya@bisg.org  www.bisg.org  Especially, “Events” and “Resources”  (646) 336-7141 20

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