Factiva uncovers the true value of information
The Factiva 2002 White Paper Series begins with analysis of Free, Fee-Based, and Value-Added Information Services
Factiva, a Dow Jones and Reuters Company, released a new white paper entitled Free, Fee-Based and Value-Added Information Services, which considers the quality, availability and value of information on free Web sites, fee-based Web sites and value-added information services. Through the findings of the Super Information About Information Managers study, conducted by Outsell, Inc. and commissioned by Factiva, Dialog and KPMG, it is noted that of surveyed knowledge workers, 62% believe anything is available on the Web. But new research shows more than two-thirds of publications used most often by knowledge workers either do not have Web sites or do not make their material available on the Web for free.
The white paper determines that high quality business information on the free Web is not nearly as available as knowledge workers think. Though the information may be free, searching the Web costs companies employee work time - American companies spend $107 billion a year paying their employees to search for external information according to Outsell, Inc.
To limit ones intelligence-gathering sources to what is available on the Web and the fee-based services means that business decisions will be made based on inadequate information, noted Mary Ellen Bates, principal, Bates Information Services. In addition, the true cost of the research itself, factoring in both the out-of-pocket costs and the researchers time, will be greater than if the research were conducted on a value-added resource such as Factiva.
Value-added information services offer high-quality information from a wide variety of important sources, stated Clare Hart, president and CEO of Factiva. Information on which decisions are based must come from authoritative, reviewed and edited sources, with timely access to the most up-to-date information. When the cost of knowledge workers search time is considered, as well as the cost of information, value-added information services save companies time and money.
The study concludes that value-added information services provide better information with access to both current awareness content and archives for continuous availability. These services, therefore, enable businesses to make more informed and more effective decisions.
A free copy of the Factiva white paper: Free, Fee-Based and Value-Added Information Services, is available on the Web at: www.factiva.com <http://www.factiva.com>, or through Bitpipe, Inc. at www.bitpipe.com
About Factiva
Factiva, a Dow Jones & Reuters Company, provides world class global content, including Dow Jones and Reuters Newswires and The Wall Street Journal - unduplicated in a single service elsewhere. Factiva offers the only single content solution with multiple language interfaces and multilingual content covering nearly 8,000 sources.
Factivas products and services help companies integrate news and business information into their daily workflow to increase organisational intelligence and leverage external and internal content within the knowledge management function. Factivas content management and integration services are used by leading organisations around the world.
Built on industry standards and open architecture, Factiva products deliver flexible, extensible, customisable solutions to enable easy integration and use in the enterprise. Editorial and technical consulting, taxonomy application, integration expertise and e-learning programs reflect Factivas innovative approach to delivering solutions beyond the content.
Factiva is one of KMWorld Magazines Top 100 Companies in Knowledge Management and part of eContent Magazines Top 100 content companies to watch.
For more information visit: www.factiva.com <http://www.factiva.com>
The white paper determines that high quality business information on the free Web is not nearly as available as knowledge workers think. Though the information may be free, searching the Web costs companies employee work time - American companies spend $107 billion a year paying their employees to search for external information according to Outsell, Inc.
To limit ones intelligence-gathering sources to what is available on the Web and the fee-based services means that business decisions will be made based on inadequate information, noted Mary Ellen Bates, principal, Bates Information Services. In addition, the true cost of the research itself, factoring in both the out-of-pocket costs and the researchers time, will be greater than if the research were conducted on a value-added resource such as Factiva.
Value-added information services offer high-quality information from a wide variety of important sources, stated Clare Hart, president and CEO of Factiva. Information on which decisions are based must come from authoritative, reviewed and edited sources, with timely access to the most up-to-date information. When the cost of knowledge workers search time is considered, as well as the cost of information, value-added information services save companies time and money.
The study concludes that value-added information services provide better information with access to both current awareness content and archives for continuous availability. These services, therefore, enable businesses to make more informed and more effective decisions.
A free copy of the Factiva white paper: Free, Fee-Based and Value-Added Information Services, is available on the Web at: www.factiva.com <http://www.factiva.com>, or through Bitpipe, Inc. at www.bitpipe.com
About Factiva
Factiva, a Dow Jones & Reuters Company, provides world class global content, including Dow Jones and Reuters Newswires and The Wall Street Journal - unduplicated in a single service elsewhere. Factiva offers the only single content solution with multiple language interfaces and multilingual content covering nearly 8,000 sources.
Factivas products and services help companies integrate news and business information into their daily workflow to increase organisational intelligence and leverage external and internal content within the knowledge management function. Factivas content management and integration services are used by leading organisations around the world.
Built on industry standards and open architecture, Factiva products deliver flexible, extensible, customisable solutions to enable easy integration and use in the enterprise. Editorial and technical consulting, taxonomy application, integration expertise and e-learning programs reflect Factivas innovative approach to delivering solutions beyond the content.
Factiva is one of KMWorld Magazines Top 100 Companies in Knowledge Management and part of eContent Magazines Top 100 content companies to watch.
For more information visit: www.factiva.com <http://www.factiva.com>
