How unique
institutional identifiers can help you
understand your customer base,
save staff time, develop and protect revenues
Adding institutional
identifiers to your customer
data, and discovering the
structure of how different
records are connected within
institutions and consortia,
saves time, reduces effort and avoids
costly miscalculations in
pricing new site licenses,
acquiring new journals and
reporting on
renewal / cancellation trends.
Identifiers
also enable you to bring
different data sets
together, supporting more
targeted communications and
more informed strategic decisions.
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Background:
data proliferation
Many publishers’ customer databases
will have been set up during the print
era, when institutions typically held
multiple subscriptions to key
journals. The customer name associated
with each order would vary depending
on where the purchase was initiated –
perhaps a department, a subject
library, the faculty library or simply
the overall institution. The print
fulfilment process did not require
records for a particular institution
to be connected in any way, so for
simplicity, each of these would
usually be set up as a separate
customer record within a publisher’s
system. This proliferation of data was
exacerbated by varying translations of
overseas customer names, particularly
those originating in non-Roman
alphabets.
The
problem: calculating customer
numbers and per-customer value
Multiple records for each
customer, and no function or data to
connect them, meant that publishers
could not calculate precisely the
number of customers they had, or how
much each of those customers was
spending overall. The impact of this was
minimal during the days of growing
institutional budgets and print
orders, but caused problems when the
shift to online and, in due course,
budget cuts began to trigger
cancellations.
Lori Carlin, Director,
Fulfillment and Marketing at the American
Institute of Physics (AIP),
recalls the challenges faced by AIP
prior to its adoption of Ringgold in
2004:
“We couldn’t be sure
whether we were losing subscribers,
or just seeing consolidation from
multiple subscriptions. We had
people poring over numbers trying to
work it out, because we needed to
understand what was a cancellation,
what was a renewal, and what was a
new subscription, in order to plan
our strategy and our resources. Only
once we implemented Ringgold were we
able to be sure that we weren’t
losing customers, and to be precise
about how many new customers we were
winning.”
Case
study: accurate, complete data to
inform pricing decisions
In order to balance the transition of
revenues from print orders to online
site licenses, publishers need to know
which print orders will be replaced by
the site license, and what price is
currently being paid overall. This
information is even more critical when
selling to library consortia where the
number of current orders can be in the
thousands; understating past spending
can have serious consequences for
the business.
Nick
Niemeyer, Site License
Manager at Annual
Reviews, encountered this
problem frequently:
“Analyzing our old
fulfillment systems to understand
what we were selling and to whom
could take days of compiling and
massaging data. The data had not
been standardized in a way that we
could have confidence in tracing
each customer entity back to a
parent institution.”
Allison Durocher,
Licensing Manager for Scholarly
Journals at the American
Academy of Pediatrics (AAP),
agrees:
“Our in-house database is
set up primarily for fulfillment,
not customer relationship
management,” she explains.
“Subscriptions are listed in
different names and at different
levels; I had to do a lot of
detective work to make sure I had
found all the relevant orders. Even
researching the holdings of a single
institution could take me hours.”
AAP began working with
Ringgold in 2006.
“Ringgold audited our
entire customer data set, adding
unique identifiers for each
institution and clarifying for us
which purchasing units could be
grouped as a single customer. Now
when I am asked to quote for a new
site license, I can quickly and
easily find everything that should
be counted within that institution
or consortia’s subscriptions. What
used to take upwards of half a day
now takes 15 minutes.”
For Nick Niemeyer too, the
Ringgold identifier has proven
“invaluable” since Annual Reviews
adopted it in 2006.
Case
study: integrating intelligence to
improve business strategy
Most publishers will have several
separate databases including
subscription fulfillment, marketing
communications, author submissions,
online usage, and more. Many business
decisions will require intelligence
from more than one system; the
prohibitive expense of collating and
integrating information from different
sources often means that decisions are
taken in relative ignorance, resulting
in suboptimal strategies.
Applying Ringgold identifiers across
multiple datasets enables different
sources of intelligence to be
integrated, enabling a more
sophisticated response.
“Last year, Ringgold
audited all the institutions on our
marketing database,”
states Jane
Makoff at SAGE
Publications, which had
initially audited its fulfillment
data.
“This meant we could load
our institutional subscription data
into our marketing database more
easily, and so tie our researcher
and faculty contact details with
their institutional access rights.
This enables us to carry out
targeted marketing, for example, to
encourage greater usage of big deals
and ensure that COUNTER statistics
for those deals would encourage
renewal".
External data can also be
combined with internal data if both
sets have Ringgold identifiers.
“Our usage data from
EBSCOHost comes with a Ringgold ID,
so I can mash up that data with my
records to inform our usage and
marketing campaigns,” says AIP’s
Lori
Carlin. “Before, we would
never have had the resource to join
up our EBSCOHost data with our own
systems – Ringgold makes it
infinitely easier.”
“Ringgold has
the potential to answer all the big
questions that publishers ask of their
data,” concludes Nick Niemeyer at
Annual Reviews. “For each institution,
how many subscriptions do we have?
What’s the revenue? Do we have contact
details for personal subscribers?
What’s the usage? What aren’t they
subscribing to? Most of us don’t have
the resources to answer those
questions; with Ringgold, we can.”
How
understanding the wider market can reveal new
business opportunities
Ringgold’s Identify
service provides a foundation on which
to build a sophisticated market
strategy. Beyond the initial audit of
your own data, licensing or loading
the full Identify dataset enables you
to understand the size and structure
of your wider revenue potential.
Profiling your subscribers to
prioritize segments with the highest
propensity to purchase allows you to
allocate resources effectively.
Matching your own usage or analytics
reports to Ringgold’s breadth of
institutions enables you to identify
and target existing “anonymous”
users. The depth of Ringgold’s data
gives you sufficient intelligence to
research and model more complex
strategies, for example, new pricing
structures.
Case
study: analysing your market
penetration and opportunities
At Oxford
University Press (OUP),
Ringgold’s data is used to assess the
size of the target market, regionally
or by institution type.
“We can then query our own
data against the Ringgold dataset,”
explains Senior Library Marketing
Manager Colin Meddings, “to
assess what level of penetration we
have – whether in terms of our
overall customer list, or of a
particular market segment. Because
our data has been audited by
Ringgold, we know that we’re
comparing like-withlike, and that we
can have more trust in the results.”
Ringgold’s meta-view on to
the wider market, beyond any one
institution’s data, enables the
complex web of relationships between
different purchasing units to be
understood in its entirety, not just
in the glimpses that a restricted
customer set can afford; “this
provides useful insight into how
institutions relate to each other, to
consortia, and to individuals,"
continues Colin Meddings.
Case
study: profiling your subscribers
to prioritize new leads
Having established the size and
potential of different target markets,
publishers can use Ringgold’s data to
identify and prioritize target
institutions. “Ringgold’s records
include a range of information about
each institution that can be used to
profile your current subscriber base,”
explains Camilla Braithwaite,
Marketing Manager at TBI
Communications, which has used
Ringgold’s data in projects for a
range of publishers and societies,
including the American Society of
Plant Biology, Edinburgh University
Press and the Society of General
Microbiology.
“Categorizing current
subscribers by, for example,
geographic region and institution
type helps you see where your
content has strongest appeal. You
can then search the rest of
Ringgold’s system for other
institutions that fit the profile,
so Ringgold is giving you both the
background intelligence to plan your
marketing strategy, and the data to
action that strategy.”
Case
study: identifying 'turnaways' and
authors' institutions
Publishers often receive “denial of
access” or “turnaway” lists from their
online host or technology partner,
which typically show IP addresses that
attempted to access content but were
not licensed to do so. In the past,
with little resource available to
research the institutions represented
by these IP addresses, the value of
this information has remained locked
up in such reports. But once Ringgold
added IP address to the growing depth
of information that Identify
offers for each institution, it became
much simpler and more cost-effective
to match the IP addresses in the
report to a named institution.
“From our own data, we can
identify potential up-sell
opportunities within institutions
that subscribe to some of our
content, but are trying to access
journals that they don’t currently
license,” says Jane
Makoff at SAGE. “The
advantage of Ringgold is that it
enables you to identify
organizations that are trying to
access your content and with whom
you don’t currently have any kind of
relationship – new business, with demonstrable demand
for your content.”
“Ringgold also helps us to
identify those institutions that don’t
subscribe, but from which we have
authors. It’s like a shared service
for
publishers,” adds Lori
Carlin, Director, Fulfillment
and Marketing at the American
Institute of Physics (AIP).
“We could not justify the
investment in researching that level
of intelligence ourselves, but
Ringgold can achieve economies of
scale by doing this on our behalf;
the richer their data is, the more
we all benefit.”
Case
study: researching and price
models
The transition from print to online
subscriptions has led many publishers
to review pricing policies in order to
monetize peripheral markets and ensure
future sustainability in core markets.
“We’ve used
Ringgold’s data to inform a number
of projects that have resulted in
new tiered pricing models,” says TBI
Communications’ Camilla
Braithwaite. “Key variables
for pricing include the number of
sites being licensed, the size of
the overall institution and its
categorization according to systems
such as Carnegie and JISC.
Ringgold’s system includes all this
data and more, and enables the
current subscriber base to be
structured and profiled as a basis
for modelling potential changes in
pricing. Prospective customers,
including those from new markets,
can also be identified and analyzed
to ensure that any potential model
will support market entry and growth
as well as maintenance of the
existing customer base.”
Ringgold can also be used
to check the robustness of price
models when acquiring new journals.
OUP’s Colin Meddings
describes one
potential scenario that publishers
face:
“If we sense that lots of
customers of a new journal are not
paying the correct price (under a
tiered pricing model, for example),
we can use Ringgold to see what the
scale of the problem is, so that we
know how urgently it will need to be
addressed.”
Case
study: evaluating and implementing
journal acquisitions
Oxford University Press (OUP)
contracted Ringgold to audit its data
in 2002. Senior Library Marketing
Manager Colin Meddings
describes the value of the reliable
customer and subscription reports that
Ringgold has enabled:
“OUP takes on publication
of new journals each year as
societies choose to partner with us.
Analyzing and managing customer data
is a critical aspect of taking over
publication of a journal. Incorrect
records at the early stages of an
acquisition can have an impact on
the journal’s ongoing success, so
it’s important that we can have
confidence in that data – which is
what Ringgold gives us, by ensuring
we can understand the structure of a
journal’s current subscriptions and
compare that in a meaningful way to
our existing customer base.”
Accurate, complete data
that can be readily integrated into a
new system is also vital for ensuring
continuity of service for customers
during a transfer. “Exchanging
journals with another Ringgold
publisher is much smoother,” says Jane
Makoff, Associate Director,
Marketing at SAGE Publications.
“The Ringgold
identifier is a common field between
our subscription system and that of
the transferring journal publisher.
It means we can load subscription
records much more easily. Where the
transferring publisher does not use
Ringgold IDs, there is always a risk
of institutions not matching and
subscription rights not being set up
correctly; the whole transfer
process is much more manual. If
everyone’s data had Ringgold IDs,
then transitions would be easier and
there would be fewer cases of
subscriptions getting ‘lost’ during
the transfer.”
Don't let the
perplexity of your customer data prevent you
from making smart business decisions. Talk to
Ringgold today about how we could help.
Contact us for further information or
take a look at our Products
and Services.
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