publishing technology exectuive exchange dec 2012, r. petway: futuristic view of publishing

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Futuristic View of the Publishing Industry

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At Publishing Technology's Fall 2012 Executive Exchange customer event, COO Randy Petway presents his view of the future of the publishing industry, including new realities such as the shift to mobile, the shift to social, their influence on behavior and corresponding opportunities and threats.

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Page 1: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Futuristic View of the Publishing Industry

Page 2: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Disclaimers

Futuristic

I won’t be using the term “Publishing” very often

I’m not recommending the vendors, just the concepts

Not a commercial…but…

Page 3: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Trends Realities

Page 4: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Realities…….Shift to mobile….

35% 201680%

Page 5: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Realities….Shift to “social”

Page 6: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Realities…. Influence of mobile and social on behavior

Page 7: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Realities….Social Commerce

Page 8: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Economic Realities……

Page 9: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Economic Realities….Commercial Pressures

Page 10: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Impact On Behavior

Page 11: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

How we conduct commerce?

Immediacy Experience

Page 12: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Experience……

Page 13: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Old models are being challenged by….…..

Choices Expectations

Page 14: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Expectations….…..

Page 15: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Today’s Behavior

Mobile has redefined expectations regarding immediacy

“Social” has redefined expectations regarding the “experience”

Technology has created an expectation of “frictionless transactions”

Page 16: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Opportunities (or threats)

Page 17: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Opportunity (or threat)….. Monetization of those trends

Page 18: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Focus your technology investment on………

Discovery

“High value” customers

Commerce innovation

Page 19: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Discovery….

“Amazon is the best place in the world to buy the stuff you know that you need; be the best at connecting your customers to the things they don’t know about.”

Page 20: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Discovery…. Curate your metadata

Page 21: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Discovery…. Connect the dots for your customers

Page 22: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Discovery…. Connect the dots for your customers

Page 23: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

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Discovery…. Create and communicate product relationships

Example:2 Subscription products1 Subscription collection (multiple subscriptions)

1 Book1 E-Book1 Pack of Books3 Articles (Pick 3 from selection of 5)1 Subscription (Pick 1of 3)

Items grouped and options applied

Page 24: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Focus your technology investment on….. High Value Customers

“In an ecommerce world, the heaviest social media users (opinion leaders) are 3 to 4 times and iPad owners (early adopters) are 10 times more “valuable” than other customers.”

Page 25: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

High Value Customers….. Stay close

Page 26: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

High Value Customers….. Stay close

Page 27: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

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High Value Customers….. Direct Marketing to Social Networks

Page 28: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Focus your technology investment on….. Commerce Innovation

Customers are different and have varying needs. There is not a single model that is best for everyone. Convenience, a lack of friction, and business models that reflect user needs are key.

Page 29: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Commerce Innovation…..Convenient and frictionless environments

Page 30: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Relationship Management

Customer Management•Model consortia, institutions, companies and individuals in ever expandable multi-parented hierarchy

•Keep all customer and product data in a single place

•Create targeted campaigns and promotions

•Engage social media

Commerce Innovation….Tomorrow’s business models

Page 31: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Product Management

Product Management•Model your full set of product in granular form in ever expandable multi-parented hierarchy

•Mix and Match to create new products.

•Share product information

Commerce Innovation….Tomorrow’s business models

Page 32: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Business ModelsBusiness Models

•Create simple and compound license and sales models

• Implement new models including ‘N clicks when referred from services’, ‘PPV’, ‘Pay post use’ etc.

•Spot the gaps in your current sales offerings and fill them

• Ingest revenue from all sources

Commerce Innovation….Tomorrow’s business models

Page 33: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

Information/Content

Commerce System

Customer Management•Model consortia, institutions, companies and individuals in ever expandable multi-parented hierarchy

•Keep all customer and product data in a single place

•Create targeted campaigns and promotions

•Engage social mediaProduct Management•Model your full set of product in granular form in ever expandable multi-parented hierarchy

•Mix and Match to create new products.

•Share product informationBusiness Models•Create simple and compound license and sales models

• Implement new models including ‘N clicks when referred from services’, ‘PPV’, ‘Pay post use’ etc.

•Spot the gaps in your current sales offerings and fill them

• Ingest revenue from all sources

Commerce Innovation….Tomorrow’s business models

Page 34: Publishing Technology Exectuive Exchange Dec 2012, R. Petway: Futuristic View of Publishing

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$25 one month in arrears

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Commerce Innovation….Putting it all together….