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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Digital Libraries in the Clouds

Digital Libraries in the Clouds
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Copyright: 2014
Pages: 21
Source title: Infonomics and the Business of Free: Modern Value Creation for Information Services
Source Author(s)/Editor(s): John J. Regazzi (Long Island University, USA)
DOI: 10.4018/978-1-4666-4454-0.ch005

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Abstract

The business of free represents a radical cultural shift, and many social institutions will need to adapt as a result. This chapter examines the situation of libraries and museums, which are both facing a marked struggle to compete with free and convenient online content. In fact, it seems that for-profit companies, in using various strategies, have essentially beat libraries and museums with their own free content model. Recent decades have seen a decline in public interest in the services museums and libraries provide, which may have multiple possible causes and has led to a loss of revenue. In order to remain solvent, these institutions will need to make changes in their business models to adapt to new technological realities and market conditions. Some efforts to add value to the traditional library or museum experience have already been initiated, although cultivating sustainable funding sources may represent a significant challenge.

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