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Thursday, November 9 • 12:45pm - 2:00pm
Statistical Analysis, Data Visualization, and Business Intelligence Tools for Electronic Resources in Academic Libraries

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Today, most academic libraries are spending a significant amount of their total expenditure budget on electronic resources. While they are high-value assets for modern libraries, the expensive annual subscription cost and continuing price increases of e-resources also make them a substantial budgeting burden. It is therefore essential to have a clear statistical view of the trends and patterns in price changes for e-resources and vendors. This presentation will focus on three major topics vital for developing such a view: 1st, the e-resources landscape and the need for evidence-based decision-making, analysis and reporting; 2nd, the methodology applied in a statistical analysis and data visualization research project, as well as business trends and patterns in the field of libraries’ e-resources; and 3rd, business intelligence tools available for this type of analysis, including low cost options such as Excel and Redlink, and premium options such as Tableau and MicroStrategy.
Research conducted by librarians from different SUNY institutions based on cost statistics extracted from the ILS provided a thorough and in-depth review of the price changing trends of common e-resources for academic libraries from 2010 to 2015, as well as a prediction for future price changes through 2018. This research analyzed the percentage, average and median increases of e-resources titles by vendors; compared prices and usages of selected resources; visualized these data into charts; and provided predictions for future price changes, which were evaluated by their correlation to existing expenditure statistics.
To conduct such in-depth analysis of electronic resources and to provide internal colleagues with a way to view and glean insights from this type of analysis requires the appropriate tools. Virginia Tech University Libraries conducted a comparison of Business Intelligence (BI) tools available for this type of analysis and will discuss various BI tools, including low cost options such as Excel and Redlink, and premium options such as Tableau and MicroStrategy. We will share our evaluation of each of these BI services based on ease-of-use, data analytics, visualization, dissemination, and service support. In addition to discussing the pros and cons of each tool, we will demonstrate how each tool displays visualizations and dashboards.

avatar for Cheng Cheng

Cheng Cheng

Acquisitions & Electronic Resources Librarian, SUNY Oneonta
Hello everyone! My name is Cheng and I am the Acquisitions & Electronic Resources Librarian of SUNY Oneonta. I am a huge fan of emerging technologies, innovated business models, as well as data-oriented operation optimization. See you at Charleston!
avatar for Tracy Gilmore

Tracy Gilmore

Collections Assessment Librarian, Virginia Tech
Tracy Gilmore is the Collections Assessment Librarian at Virginia Tech University Libraries. She coordinates assessment activities and strategies for developing the library’s digital collections. Her current research interests include discovery service usability, usage, and acc... Read More →

Ellie Kohler

Assistant Director for Strategic Research & Analysis, Virginia Tech
When I can't be outdoors hiking or running, I work with data, data, and more data. I work with my team to assess collection needs to support changing research priorities and areas of strategic emphasis for the university. We prepare and analyze report, usage statistics, or other information... Read More →
avatar for Colleen Lougen

Colleen Lougen

Electronic Resources Librarian, SUNY New Paltz
Colleen Lougen is the Electronic Resources Librarian at SUNY New Paltz. She is the library liaison to the School of Business, Economics and Mathematics Departments, and the Health and Wellness Center. She has worked in libraries for twenty years. Prior to her current position... Read More →

Thursday November 9, 2017 12:45pm - 2:00pm EST
Cypress North, Courtyard Marriott Hotel 125 Calhoun Street, Charleston, SC 29401