Posts Tagged ‘LexisNexis’ Selling the Government and Democratization of Information

In Internet Business Models, Linked Data on May 29, 2010 at 8:03 am

Read my complete post on The Scholarly Kitchen. Excerpt:               

Last Friday marked the one-year anniversary of the Obama Administration’s Open Government Initiative (OGI). The occasion was honored with a cupcake and candle on the landing page of the newly re-designed site and a widely disseminated announcement from the White House.             

Source: Laura Padgett on flickr


For global publishers who have generated a significant portion of revenue building and selling databases, a requirement to make their data freely available is a mixed blessing. Despite the fact that global access and use of the data are expected to rise exponentially, balance sheets will take a hit.               

Databases are not just part of a publishers portfolio, if done right they can be the most profitable part and have sometimes carried the less profitable and declining parts of the publishing line up — namely, books. Presses being impacted by this change must quickly seek new ways to recapture publishing expense and reinvent the services they provide.               

Conversely, if a business has retooled to conceive of and build data services, it’s a golden egg.  For publishers in adjacent spaces — CQ Press,  Bloomberg, LexisNexis, Thomson Reuters, National Journal, CQ-Roll Call, the Washington Post — access to troves of free, authoritative, updated data presents a significant opportunity to create new revenue streams by developing bespoke products and services that monetize free content.               

Read more.