Showing posts with label Julia Mortimer. Show all posts
Showing posts with label Julia Mortimer. Show all posts

Thursday, 22 January 2015

What is the Scholarly Book of the Future? Julia Mortimer from Policy Press reflects

We caught up with Julia Mortimer, member of ALPSP's Professional Development Committee and co-organiser of the The Scholarly Book of the Future seminar next month, to ask her what she thinks the scholarly book of the future will look like.

1. What have you seen happening to the scholarly book in the last few years?


The most significant change for the scholarly book has been the move to digital, with completely different and varying purchase models available leading to wide disruption in the marketplace.

Probably the most significant shift within this is the move from guaranteed sales of single copies via approval plans to patron or demand driven access (PDA/DDA) where books are only bought when users trigger a purchase or are loaned for short periods of time and minimal amounts of money. Usage has moved to centre stage, as it has been for journals for some time.

All this is happening as a response to shrinking and stagnating library budgets and some of the purchase models which were introduced at the outset into library aggregators' licensing agreements have been made use of in ways which weren't originally envisaged.

To date the content of digital monographs hasn't changed significantly, although some are getting shorter, they are essentially text-based versions of the print book. However they are being presented and sold in different ways via platforms which bring together a publishers' scholarly books in full or subject-based collections and can be sold via a range of models (more similarly to journal sales). Collaborations between publishers are also emerging in response to library feedback e.g. OUP's University Presses Scholarship Online which Policy Press is involved in and which provides a one-stop shop for University Press scholarly publications.

The rise of blogs and social media has had a considerable effect on academic research, as has the Impact agenda introduced in the Research Excellence Framework in the UK. At Policy Press we have introduced three strands of new fast-track short-form publications: research-based books providing the latest cutting-edge research findings, social commentary pieces and insights on topical issues or policy and practice guides enabling research to quickly have an influence. Academics have welcomed this flexibility which meets their changing needs and other publishers are also starting to offer a range of short formats.

Finally, open access is having a bearing but not to the extent that it has for journals so far. There are experiments and pilots taking place and publishers offer gold open access monograph options but funding is often an issue and other options need to be explored.

2. What has this meant for the financial side of publishing? 


The changes in digital monograph sales models have had a particularly detrimental effect over the past year on many academic publishers. Much lower revenue is generated as a result of the move in the US towards PDA and short term loans (STLs). In the past a certain number of monograph sales were pretty much guaranteed for high quality research outputs which ensured they were viable. Not any more. As Michael Zeoli of YBP Library Services said at a recent IPG seminar, now it is publishers taking all the risks without being able to get a return on their investment. (See The Bookseller article).

This is the case for not-for-profit University Presses and commercial publishers alike, as print sales continue to decline they are not being replaced by digital sales.

Gold open access payments for monographs are still very few and far between so it is early days in terms of a potential transition there.

3. Why is it important now to reflect on this, should we just let nature take its course? 


This disruption is having a fundamental impact on whether the scholarly book in its current form can continue. This is affecting publishers to such an extent that if we don't reflect now and take action some publishers may go out of business and the preservation of scholarly work will be under threat. 

Publishers need to be able make their case to academics and librarians about the value of what they do and the economics behind it. We also need to keep on top of the technology as it changes so that we can continue to innovate to meet the research community’s needs.

4. So, the book is dead, long live the book, right? Tell me what’s in your crystal ball… 


I think the monograph in long and short form will survive, certainly in the humanities and in the social sciences where a longer treatment of certain research findings is absolutely necessary. There is a strong case for embracing the evolution of scholarly publishing but it is not a case of one size fits all any more.

There will be a lot more convergence of formats, with chapters having their own DOIs and being increasingly included in joint databases and platforms with journal content. Similarly when searching for content researchers want to find everything relevant to their search in one place so discovery tools need to better integrate book and journal content, until the content itself is fully integrated. A greater use of XML and semantic web technology will allow researchers to use material in different ways eg integrated data, enhanced books with much more embedded multi-media.

Policy Press short format monograph
There will be a greater focus on what researchers need and studies are already under way to establish that. Innovative forms of dissemination will continue to develop: more short-form work, more use of social media and blogs, online communities and vehicles to allow interaction, engagement and collaboration with the work.

Sales-wise subscription and rental models will grow but there is likely to be a demarcation of premium new content and backlist archive in terms of what is offered via these models. For other types of content archives may be the premium product. Repurposing content and custom publishing options will continue to develop as digital formats and systems make this easier.

I expect to see more collaboration between university presses and their libraries as well - especially around OA models in the future - and other sources of revenue being sought to fund OA such as sponsorship or advertising.

So books are here to stay in my humble opinion, but they may look rather different!

Julia Mortimer is Assistant Director at Policy Press at the University of Bristol, a not-for-profit social science publisher committed to making a difference.

The Scholarly Book of the Future seminar, co-organised by Anthony Watkinson and Julia Mortimer will be held in London on Thursday 12 February. Follow #alpspbook for coverage.

Wednesday, 25 September 2013

The Future for Smaller Publishers: Policy Press and EBSCO perspectives

Julia Mortimer from The Policy Press
Julia Mortimer, Assistant Director at The Policy Press kicked off the final morning session at The Future for Smaller Publishers seminar. Policy Press publish books and journals in the social sciences, have 6 journals with a 7th coming next year and 3 launched in the last 5 years. They are keen that journal and book content works well with each other and combine broad subjects with niche areas.

The future is not guaranteed, so much is unknown. But Mortimer believes that small is beautiful. The advantages of niche are the expert knowledge, unique relationships, that content is king and often, smaller publishers are not for profit and mission-focused. She believes that small is the new big. There is a rejection of large corporates, a desire for personal interaction/feedback. This provides a level playing field and if you have the quality and service you can do very well. However, you do have to make it easy for authors and customers (e.g. online submission systems).

It's about community, community, community. Why do people want to engage with you? Are you interacting with them enough? There is a virtuous circle and it is about loyalty - building it and keeping it. They use an annual conference for one of their journals each year - fantastic to engage with authors and readers.

Policy Press works in partnership with a number of organisations. The University Press Scholarship Online project makes full text available of over 300 of their titles in 3 subject areas - Public Health and Epidemiology, Social Work, and Sociology. The Oxford University Press sales team help with sales. There are small upfront costs and a revenue share model. This is relatively risk free and they have seen significant sales in the first year. They are working to get content on to more ebook platforms. Mortimer advised not to give anyone exclusive rights as there are plenty of opportunities out there.

They have signed up to the CNPIEC and Ingenta Connect eReading platform for China. It hosts journal and ebook content directly so it is hosted in China. This is crucially important for local librarians as it reduces time delays and getting thrown out. A recent visit reinforced the view of the power of a tailored response to a geographic market. And they were treated like VIPs and respected for bothering to turn up! This tailored, collaborative approach is an effective way for a small publisher to access international markets.

At a time when everything is 'e' Policy Press launched the new Journal of Playwork Practice which straddles childhood studies and other disciplines. They are printing a lot of copies for a large number of individual practitioner subscribers. This is a result of dealing directly with the market.

Mortimer's advice to smaller publishers is to embrace change and join forces (with other publishers, platforms, mobile companies etc). Portals and new kinds of resources are real opportunities and provide added value for your customer. They might not be as expensive as you think if you pick and choose and ensure you get relevant offer for your community. Also think about added value for you through repurposing content for low cost channels. Think about what will be the next big thing? Read blogs, be in groups, go to events, check out website resources. Get out and about at academic conferences, industry events and trade fairs. She closed with a call to:

  • Innovate
  • Think about what will customers want in the future?
  • Develop skills in-house and externally
  • Be flexible
  • Experiment
  • Discoverability is key.


Ann Lawson from EBSCO
Ann Lawson, Senior Director for Publisher Relations and Open Access, Europe at EBSCO, observed that the heat is on. Should smaller publishers get out of the kitchen or call in the experts?

Lawson asked: what does small mean to you? Only you can answer that. EBSCO works with 95,000 publishers. They have around 360,000 title listings across journals, ebooks and databases. In 1994, the largest 10 publishers took up 19% of revenue in EBSCO books. In 2009, the largest 10 publishers took up 50%. In 2013, 68% of revenue came from the top 10 publishers. Some big deals go direct and don't use an agency, so this statistic could be higher.

There is a hugely disproportionate market economy going on when you look at the volume of titles with 10% of title volume published by top 10 publishers, but 68% of revenue taken up by top 10 publishers.

University spend with EBSCO shows a heavy proportion focused on e-collections. The result is that the big deal has become a bit of a cuckoo. EBSCO are publishing their price projection report this month. One conclusion is that there is a vicious circle (virtuous circle?) of big deals driving more content to bigger publishers with SMEs locked out.

There are risks associated with being too big:

  • Lack of agility
  • Hungry shareholders drive short or medium term decisions
  • Can sometimes be a risk of reducing things to lowest common demoninator
  • It's not all easy to be a big publisher

And it is possible to make the most of being small:

  • Agility
  • Less hampered by legacy
  • Sometimes less hampered by mindsets

Is there a new level playing field for SME publishers in the open access area, with new discovery systems, the emergence of Massive Open Online Courses (MOOCs) and Patron-Driven Acquisition? Whether or not these initiatives mean the explicit break-up of the big deal, they do provide more more competition on a level playing field.

Lawson observed that we are all intermediaries between the author and reader. Working with intermediaries involves creation, dissemination and management of content. Any intermediary, supplier or partner you work with should provide: efficiencies of scale, specialist expertise, cost-saving and process improvement. But consider areas where you might not want to outsource: where you might want to protect your crown jewels.

Tips and techniques for successful outsourcing include: take a close look at mission, value, strengths, weaknesses, experience, aspirations. Involve your stakeholders and be realistic. Review offerings of potential partners, get advice and do the sums. And once you have entered into an agreement, manage your partners well and closely.

Her five tips on outsourcing are:

  1. Outsource what you can, but make sure you identify core competencies or unique services and keep them in-house
  2. Make sure someone is responsible to develop and manage the relationship with a supplier
  3. Treat the process as a proper project, with sensible planning, timelines and budgets
  4. Think creatively about outsourcing (not just production)
  5. Think about cultural issues - everyone is different.
And in the future? Well, you can give up and sell to one of the top ten publishers. You can try to grow, although that requires investment. You can change the game and start a new busines model or you can use new technology and all that it offers to compete on a level playing field (working with the right partners). Lawson closed by urging smaller publishers to collaborate, get creative and compete.