Early Results on FreePint's News Needs and Preferences Survey: Factiva Changes Making Big Waves
Tuesday, 3rd September 2013
The first phase of data collection on our annual survey on News Needs & Preferences already highlights the impact felt by information managers by the changes in Dow Jones' product strategy. Initial data suggests that information managers in organisations where Factiva is currently a preferred product are more likely to be looking at alternatives for the future. However, analysis of all responses to date indicate that the difference may be one of degree rather than of substance: More than 50% of respondents are at least somewhat likely to be looking at alternative products.
We launched the 6th annual FreePint Survey: News Needs and Preferences earlier in August, and initial results demonstrate the degree to which changes to Factiva are making waves for information managers.
As in past years, we ask respondents to indicate which premium news provider is their preferred provider, then go on to ask a number of questions about their satisfaction with that provider, duration of use, and what they wish the provider would change.
In response to industry discussion regarding to Dow Jones' change in product strategy, in which Factiva will be subsumed into the more comprehensive DJX product, we added a question this year to this section:
How likely are you to consider alternatives to replace this as your primary product?
- Very likely - actively seeking alternatives
- Somewhat likely - will review when contract next comes up
- Not likely - minimal reasons if any to look elsewhere
At the time of writing, we have 80 responses; slightly more than one-third of those report that Factiva is their current primary and preferred product. The figure shows the differences how those respondents answered this question, compared with the full dataset of all 80 responses.
Two-thirds of those for whom Factiva is the preferred product are likely to consider alternatives, and 40% of them are "very likely" and actively seeking those alternatives.
This contrasts sharply with the full dataset, in which just over half are likely to consider alternatives.
This snapshot has been taken relatively early in the data collection process, and it will be interesting to see if the trend holds as more information managers complete the survey over the coming weeks.
Overall Movement of Contracts?
Also interesting is to note how high a percentage of respondents are considering alternative news providers, regardless of their preferred provider. Contracts for news content can run into the tens of thousands even for a relatively small organisation, depending on the scope of content, usage and distribution; if half of those contracts are truly under close examination to be moved elsewhere, that represents a significant movement of funds.
Other questions in the survey are designed to clarify why such a movement might be coming: We ask about the importance of non-traditional sources; the value information managers feel they get from their premium products; pressure on their budgets to move to less costly news products; and related needs like integration of content into an intranet and mobile capabilities.
As in prior years, our analysis of the aggregated responses on these pictures will paint a picture of where and how information managers are satisfied -- or not -- with their current resources.
If you haven't yet done so, please complete the FreePint Survey: News Needs and Preferences 2013 now. Your responses are fully anonymous, and if you provide an email address at the end of the survey, you will receive a free copy of the resulting report.
FreePint Topic Series: Beyond Aggregation
This year's FreePint Report: Survey on News Needs & Preferences 2013 will be published as part of the FreePint Topic Series: Beyond Aggregation, which is running from October–November 2013. Register your interest for notification of content and resources published as part of the series.
- Blog post title: Early Results on FreePint's News Needs and Preferences Survey: Factiva Changes Making Big Waves
- Link to this page
- View printable version
- Investigating News Aggregation: Why?
Monday, 15th July 2013
- Investigating News Aggregation: What Content, From Whom?
Monday, 15th July 2013
- DJX - Dow Jones Responds to User Concerns
Wednesday, 26th June 2013
- Participate in the FreePint Survey: News Needs and Preferences 2013
Friday, 16th August 2013
- FreePint Report: News Aggregation Products and Trends
Thursday, 27th June 2013
Improve your negotiation position, measure performance of your portfolio of external content, and communicate more effectively with stakeholders.
A Jinfo Subscription gets you access to activity-based content to move your projects forward, plus dynamic peer group discussions on meaty topics.
- Enhancements to the Jinfo website
Thursday, 21st January 2021
- Research update - what matters most to smart information managers
Thursday, 21st January 2021
- Research update - what's your focus in 2021?
Thursday, 7th January 2021
- Mini review of M-Brain's Intelligence Plaza
Monday, 18th January 2021
- Product review of Aurora FirstLight (value - purchasing, development and competitor landscape)
Thursday, 14th January 2021
- Product review of Aurora FirstLight (technology - search & user interface; outputs & alerts; administration)
Wednesday, 13th January 2021
- Product review of Aurora FirstLight
Monday, 11th January 2021
- Market landscape - patent products
Monday, 21st December 2020
- Product review of TRG Screen's Quest
Friday, 18th December 2020
- Negotiation clinic - role-play and Q&A (Community) Tuesday, 13th April 2021
- Usage data in contract negotiations (Community) Tuesday, 23rd March 2021
- Pricing models for information and data licensing (Community) Tuesday, 2nd March 2021
- Comparative product evaluation - breaking it down into manageable pieces (Webinar) Tuesday, 19th January 2021
- The importance of current awareness tracking (Webinar) Tuesday, 12th January 2021
- State of the Industry, 2021 (Webinar) Tuesday, 5th January 2021
Our proven processes, resources and guidance will help your team make the shift from transaction centre to strategic asset.
Designed around the most common challenges and pain points for time- and resource-strapped information teams
A tailored overview of our research and active discussion with your Jinfo analyst.
Measure your starting point to articulate your strengths and set priorities for future improvements. Assessments gauge risk, capacity, value and more.
Read case studies, and start the conversation: