Jan
25
Let’s do it – anonymously…
Filed Under B2B, Blog, Industry Analysis, internet, privacy, Publishing, Uncategorized | 1 Comment
In 1988 , after much selling effort , we received a contract from the government departments involved ( the Controller of Her Majesty’s Stationary Office and the Department of Trade and Industry – neither of whom exist now ) to create model terms and conditions through which the public sector could release to the private sector in the UK all government information which was neither personal to named individual citizens or retained for security reasons. We produced a model contract, founded a company called Information Agents Ltd to do the trades, and predicted in our final report that the two departments would face a stiff, at times impossible, battle with the rest of government to implement this. The model contract was agreed, the agency company contracted – and almost no trades took place.
Why? We were working on the basis that the information economy becoming increasingly important in the US, founded on the confluence of the Paperwork Reduction Act and the Freedom of Information Act, and could be recreated in UK plc, helping to give British companies a global marketplace in information products and services in English established on the platform of a successful domestic industry resulting from public-private partnership.
And now, 22 years later and to a blaze of media triumphalism, it is here. Following the intervention of Sir Tim Berners-Lee , and the Prime Minister saying ” Let’s Do It !”, www.data.gov.uk has arrived as the agency for access and licensing. Those who want the full story should go to the Guardian’s Charles Arthur, and then remember the long campaign fought by that newspaper in support of this cause. I am hugely happy that this has happened, and hope that the private sector, and all of the “accidental” publishers flourishing on the web, will grab this opportunity with both hands and use the data now available creatively to demonstrate what can be done.
And I am very worried. In the intervening period I served for five years on the Advisory Panel on Public Sector Information. I know that the government site is still only carrying a thin slice of what is available for re-use. I know too that the last 22 years have been marked by two things: the extreme reluctance of the UK Treasury and so-called trading funds to abandon or downscale the idea of earning fees and royalties to defray the cost of collection, updating and then selling data that they have a statutory duty to collect at the taxpayer’s expense; and the whole psychology of power retention and the implicit government servant vow of omerta that surrounds the reluctance of government to divulge anything but the most basic of information for fear that it could be used against the giver.
So will the Berners Lee initiative work? We had better hope so, since our information economy in the UK badly needs it to do so. But Sir Tim and his colleagues need to go on a Billy Graham-style conversion campaign to re-educate government in the collaborative nature of the Web. And win over those bastions of protected trading rights, the Meteorological Office, the Ordnance Survey, and, neither government fish nor private sector fowl, Royal Charter operations like the Environment Agency or the BBC. The resistance already have a hefty victory over postcodes(http://www.number10.gov.uk/Page22222 ) And then they tackle an even more difficult issue: local government.
There is certainly no scope for self-satisfaction in all of this. Sir Tim has now made the issue real to all players, something which has taken 22 years to achieve. It would be dreadful if the political element in all of this became a casualty of the forthcoming UK General Election. It needs all party support. It would be pointless to spend the next 22 years expanding the base of available content so slowly that the benefits identified by the changes were imperceptible in their impact. And above all, we need to be aware of how easy it could be for opponents to win back some of the ground that they have lost. A report in the Observer, the Guardian’s sister paper, indicates search analytics in the US being used to ” de-anonymize” anonymized personal data, presumably by finding patterns of activity which equate to prior behaviour. Thank goodness few UK civil servants read the Observer: the idea that names and addresses might be re-attached to medical records, for example, would shut down epidemiological research overnight in our risk-averse culture.
Jan
7
The Coldest Night of Winter
Filed Under B2B, Blog, Education, internet, news media, Publishing, STM, Uncategorized | 2 Comments
Keep warm by polishing your share price, seems to be the message this week. Or by making a Bonfire of the Vanities of the traditional media. While Autonomy gets a paste-ing for putting trade announcements into its equity markets RNS news filings, Pearson sees a steady rise in its share price because the analyst at Execution thinks that the idea that Bloomberg might buy the Financial Times is original, or even likely. Meanwhile , the FT itself speculates that the CEO of Informa, Peter Rigby, may be fed up with his investors and be about to depart, and a snowy January in the UK is a good time for Reed Elsevier to bury gloomy news. There are no buyers for the remaining US RBI businesses as a whole, so it is break-up , smaller scale disposals and closures from now on in. The Reed share price fell, but not a lot.
Here then is a first clue to the nature of this new year. Investors are getting more pro-active. Prices for the major players have upside and, in Reed’s case, downside, built into them. Analysts perceive the coming media market reconstruction and want to get on with it. At least that way share prices move and people get commissions. Pearson is a long time target. Its portfolio nature in Lord Blakenham’s Golden Day even included Madame Tussauds and Alton Towers. Dame Marjorie Scardino cleared out the non-strategic, but drew a line at the FT and Penguin. Ever since everyone has wondered why, but neither seemed likely even in the boom years to reach interesting valuations, so analysts concentrated instead on the growth and development of Pearson as a global education market leader. But Execution is right. There is unfinished business here. Pearson add no value to the FT in the vertical, despite Dow Jones Mr Murdoch may still be interested, Bloomberg did buy BusinessWeek and are now as determined acquirors as they were once emulators. And the FT would help in the great Boomberg struggle with Thomson Reuters, where IDC would be a very valuable component.
But why should a good story end there? Penguin is now subscale in the consolidation of consumer publishing. Would Mr Murdoch like to buy that for Harper Collins (or Hachette, or Bertelsmann for Random House?)? The growth of world education markets, and the potential availability of Santillana, which could be an important route to building scale in Spain and Latin America, could be the targets on which investors might prefer to see Pearson concentrate. Meanwhile, Peter Rigby’s woes at Informa are said to derive from the investor revolt which prevented him from doing the Big Deal with Springer. But Springer, now owned by the Wallenburg’s EQT, will want to do a big deal of its own to get the growth going which will justify buying that debt mountain. Does the break up of Informa make sense, with Taylor & Francis going to Springer after all? Or does that simply create a Reed-style problem of selling the rest at premium prices? Datamonitor would surely find a home, but would Performance Improvement? As buyers, Informa were fast and lucky: as sellers, those are qualities more usually found on the other side of the table.
So now we have gone full circle in investment terms from safely weighted porfolio media ownerships in which the variations in the cycle meant that not everything went wrong at once, to companies based on broad vertical specialization. Pearson shorn of the FT and Penguin, or Thomson Reuters sans Healthcare, or, indeed, Bloomberg, are the role models. The ancien regime is now McGraw-Hill and Reed Elsevier in this analysis.
On a cold night there may be persuasive logic here. At least the equity markets hope so. Something must be done to get those post-vacation media markets moving again, and what normally works is the power of rumour – turning into self-fulfilling prophesy.
« go back — keep looking »