Perspectives

Since the late 1990s there have been two drivers of growth in STM and scholarly publishing: site licensing and global expansion. As successful as these activities have been, we appear to be nearing if not a peak, at least a plateau. So the question is, where is the growth going to come from?

Scholarly publishers – especially those in the STM fields – are increasingly enriching their content with an array of metadata with the aim of ensuring that content is distributed broadly, adaptable for multiple purposes, and rendered interoperable with other relevant content. The options available continue to grow, and the value added to content grows as well. Semantic enrichment is an additional class of metadata that further improves the utility, discovery, and interoperability of content.

Given the pace of technological change, new sources of professional information, the increasing competition for attention, shifting demographics, and an uncertain economy, an effective strategy is more important than ever. Not-for-profit organizations tend to focus less on these activities than those in the commercial sector but this "strategy gap" can be overcome.

For all the talk of disruption, scientific publishing in fact has not been disrupted. The reasons for this are rooted in the culture of scientific communication and the functions of scientific journals—functions that have developed over hundreds of years. Those predicting seismic changes to the business of journal publishing because of advances in communication technology have been consistently frustrated. The World Wide Web itself was designed explicitly to disrupt scientific publishing, and yet here we are.