1) Collecting institutions like libraries, museums and archives face strategic challenges in maintaining relevance in the digital age due to socio-technical changes and user expectations. 2) There is a need for common purpose and strategy across institutions to overcome fragmentation, place users at the heart of developments, and move beyond the traditional institutional paradigm with a single voice. 3) Institutions must understand the changing relationship between content suppliers and users in the digital space to meet evolving user needs around scale, convenience and learning. 4) Maintaining strategic fit will require balancing long-term collection value with rapid innovation and changing digital behaviors.