Clarivate Unveils Transformative Subscription-Based Access Strategy for Academia
Clarivate (NYSE:CLVT) has announced a new subscription-based content access strategy for academic institutions. The initiative introduces two key solutions: ProQuest Ebooks, offering over 700,000 Ebooks across 10 disciplines, and ProQuest Digital Collections, providing access to over 160 million primary source items along with scholarly journals, videos, and audio tracks.
The new strategy aims to address libraries' evolving needs by providing affordable and broad access to academic resources. Key features include a new Ebook Central Reader app and AI-powered research assistants. The company will phase out one-time perpetual purchases of digital collections and books throughout 2025.
This transformation responds to post-pandemic shifts in how institutions purchase academic content and the growing importance of AI-powered tools in academic research, emphasizing the need for reliable, vetted content sources.
Clarivate (NYSE:CLVT) ha annunciato una nuova strategia di accesso ai contenuti basata su abbonamento per le istituzioni accademiche. L'iniziativa introduce due soluzioni chiave: ProQuest Ebooks, che offre oltre 700.000 Ebook in 10 discipline, e ProQuest Digital Collections, che fornisce accesso a oltre 160 milioni di elementi di fonte primaria insieme a riviste accademiche, video e tracce audio.
La nuova strategia mira a soddisfare le esigenze in evoluzione delle biblioteche, offrendo accesso economico e ampio alle risorse accademiche. Tra le caratteristiche principali ci sono una nuova app Ebook Central Reader e assistenti alla ricerca potenziati dall'IA. L'azienda eliminerà gradualmente gli acquisti perpetui una tantum di collezioni digitali e libri entro il 2025.
Questa trasformazione risponde ai cambiamenti post-pandemia nel modo in cui le istituzioni acquistano contenuti accademici e all'importanza crescente degli strumenti potenziati dall'IA nella ricerca accademica, sottolineando la necessità di fonti di contenuto affidabili e verificate.
Clarivate (NYSE:CLVT) ha anunciado una nueva estrategia de acceso a contenido basada en suscripción para instituciones académicas. La iniciativa presenta dos soluciones clave: ProQuest Ebooks, que ofrece más de 700,000 Ebooks en 10 disciplinas, y ProQuest Digital Collections, que proporciona acceso a más de 160 millones de elementos de fuentes primarias junto con revistas académicas, videos y pistas de audio.
La nueva estrategia tiene como objetivo abordar las necesidades en evolución de las bibliotecas al proporcionar acceso amplio y asequible a recursos académicos. Las características clave incluyen una nueva aplicación Ebook Central Reader y asistentes de investigación impulsados por IA. La empresa eliminará gradualmente las compras perpetuas únicas de colecciones digitales y libros a lo largo de 2025.
Esta transformación responde a los cambios post-pandemia en la forma en que las instituciones adquieren contenido académico y a la creciente importancia de las herramientas impulsadas por IA en la investigación académica, enfatizando la necesidad de fuentes de contenido confiables y verificadas.
Clarivate (NYSE:CLVT)는 학술 기관을 위한 구독 기반 콘텐츠 접근 전략을 발표했습니다. 이 이니셔티브는 두 가지 주요 솔루션을 소개합니다: ProQuest Ebooks, 10개 분야에서 700,000개 이상의 전자책을 제공하며, ProQuest Digital Collections, 1억 6천만 개 이상의 주요 출처 항목과 학술 저널, 비디오 및 오디오 트랙에 대한 접근을 제공합니다.
이 새로운 전략은 도서관의 변화하는 요구를 충족하기 위해 경제적이고 폭넓은 학술 자원 접근을 제공합니다. 주요 기능으로는 새로운 Ebook Central Reader 앱과 AI 기반 연구 도우미가 포함됩니다. 이 회사는 2025년까지 디지털 컬렉션 및 서적의 일회성 영구 구매를 단계적으로 중단할 것입니다.
이 변화는 팬데믹 이후 기관들이 학술 콘텐츠를 구매하는 방식의 변화와 학술 연구에서 AI 기반 도구의 중요성이 증가하고 있음을 반영하며, 신뢰할 수 있고 검증된 콘텐츠 출처의 필요성을 강조합니다.
Clarivate (NYSE:CLVT) a annoncé une nouvelle stratégie d'accès au contenu basée sur un abonnement pour les institutions académiques. L'initiative introduit deux solutions clés : ProQuest Ebooks, offrant plus de 700 000 Ebooks dans 10 disciplines, et ProQuest Digital Collections, fournissant un accès à plus de 160 millions d'éléments de source primaire ainsi qu'à des revues académiques, des vidéos et des pistes audio.
La nouvelle stratégie vise à répondre aux besoins évolutifs des bibliothèques en offrant un accès économique et large aux ressources académiques. Parmi les caractéristiques clés, on trouve une nouvelle application Ebook Central Reader et des assistants de recherche alimentés par IA. L'entreprise mettra progressivement fin aux achats perpétuels uniques de collections numériques et de livres d'ici 2025.
Cette transformation répond aux changements post-pandémiques dans la manière dont les institutions achètent du contenu académique et à l'importance croissante des outils alimentés par IA dans la recherche académique, soulignant la nécessité de sources de contenu fiables et vérifiées.
Clarivate (NYSE:CLVT) hat eine neue abonnementsbasierte Content-Zugangsstrategie für akademische Institutionen angekündigt. Die Initiative führt zwei wichtige Lösungen ein: ProQuest Ebooks, das über 700.000 Ebooks aus 10 Disziplinen anbietet, und ProQuest Digital Collections, das Zugang zu über 160 Millionen Primärquellen sowie zu wissenschaftlichen Zeitschriften, Videos und Audio-Tracks bietet.
Die neue Strategie zielt darauf ab, den sich wandelnden Bedürfnissen der Bibliotheken gerecht zu werden, indem sie einen erschwinglichen und breiten Zugang zu akademischen Ressourcen bietet. Zu den Hauptmerkmalen gehören eine neue Ebook Central Reader-App und KI-gestützte Forschungsassistenten. Das Unternehmen wird die einmaligen, ewigen Käufe digitaler Sammlungen und Bücher bis 2025 schrittweise einstellen.
Diese Transformation reagiert auf die post-pandemischen Veränderungen in der Art und Weise, wie Institutionen akademische Inhalte erwerben, sowie auf die wachsende Bedeutung von KI-gestützten Werkzeugen in der akademischen Forschung und betont die Notwendigkeit von zuverlässigen, geprüften Inhaltsquellen.
- Introduction of comprehensive subscription model with access to over 700,000 Ebooks
- Access to vast digital collection of 160 million primary source items
- Integration of AI-powered research tools enhancing user experience
- Streamlined access model potentially increasing recurring revenue
- Phasing out perpetual purchase options may alienate some customers
- Transition period throughout 2025 could impact short-term sales
Insights
This strategic pivot by Clarivate represents a fundamental transformation of its business model that could significantly impact its market position and financial performance. The shift from perpetual licenses to subscription-based access is particularly noteworthy for three key reasons:
First, the transition to a subscription model could initially create some revenue headwinds as large upfront perpetual license payments are replaced by smaller recurring payments. However, this is likely to result in more predictable and potentially higher lifetime customer value, improving revenue visibility and stability. The comprehensive nature of the offering - with over 700,000 ebooks and 160 million primary source items - creates significant switching costs for institutions, potentially leading to higher customer retention rates.
Second, the integration of AI tools like Ebook Central Research Assistant positions Clarivate at the intersection of two powerful trends: the shift to digital content consumption and the growing demand for AI-powered research tools. This combination creates a compelling value proposition that differentiates Clarivate from traditional content providers and could help defend against potential disruption from standalone AI research tools.
Third, the timing of this transformation is strategically significant. Post-pandemic budget pressures on academic institutions have created demand for more flexible and affordable access models. By addressing these needs while simultaneously expanding content access, Clarivate is strengthening its relationships with key institutional customers. The move also positions the company to capture value from the growing importance of comprehensive, verified content sources for training and using academic AI tools.
The success of this strategy will largely depend on execution, particularly in managing the transition period throughout 2025. Key metrics to monitor will include subscription adoption rates, customer retention, and the pace of revenue model transition. The strategy's emphasis on broad access and AI integration could create new growth opportunities, but may also face challenges from both traditional competitors and new market entrants in the academic content space.
New approach enables broad, simple and affordable access to trusted scholarly content for learning and research
The way institutions purchase books, journals and other content for their users has shifted in recent years, particularly post-pandemic. Increasingly, libraries are faced with complex buying models that do not offer the content they require to support curricula and research needs. Libraries continue to prioritize solutions that offer affordability in a sustainable way.
At the same time, AI-powered chatbots are becoming ubiquitous as a method of discovery for students and researchers. The ability of academic AI tools to deliver reliable outputs depends on access to broad, vetted academic content.
Bar Veinstein, President, Academia & Government at Clarivate said: "We're addressing libraries' evolving needs by breaking down barriers and delivering seamless access to our curated content. Our goal is to make learning and research more accessible and affordable at a large scale, unlocking opportunities for every library, in every classroom and at every research department.
"Through this transformative approach, we're helping institutions connect end users with academic AI tools grounded in comprehensive curated content, reinforcing libraries' essential role in upholding academic integrity and excellence."
The new strategy includes the introduction of two market-leading solutions that are now available.
ProQuest Ebooks offers the world's largest subscription of high-quality, multidisciplinary scholarly Ebooks, including:
- Over 700,000 Ebooks, across 10 core disciplines, plus additional essential interdisciplinary titles, enabling librarians to meet the needs of their faculty and students with broad discovery and access to the Ebooks they need
- A new Ebook Central Reader app to enable students to read and bookmark on the go
- The addition of Ebook Central Research Assistant, a powerful new AI tool designed to enhance student learning and streamline research.
ProQuest Digital Collections offers subscription to unparalleled breadth, value and access to primary sources across a rich variety of content formats:
- Over 160 million primary source items complemented by over 2,500 full-text scholarly journals, more than 24,000 video titles, and 15 million audio tracks. The subscription builds upon over 30 years of digitizing primary sources, including many rare and unique resources.
- Broad and interdisciplinary in scope, the subscription provides access to nine ProQuest One discipline solutions including Anthropology, Entertainment & Popular Culture, Global Studies & International Relations, History, Literature, Performing Arts, Visual Arts & Design.
- ProQuest Research Assistant will continue to help students and researchers use academic AI responsibly, rooted in trusted academic content. The research assistant will expand over time to fully support ProQuest Digital Collections.
As part of this transformative strategy and following changes in demand from libraries, Clarivate will also phase out one-time perpetual purchases of digital collections, print and digital books for libraries. These transitions will take place throughout 2025, in close co-operation with customers. For more details see our support page.
Veinstein said: "From the introduction of Ebook subscriptions to index-based linking and discovery, creating cloud-based library management systems and academic AI research assistants, we have a proven history of pioneering and collaborating at the forefront of the industry.
"We're now embarking on a new era in how institutions and their users access and consume content. We are committed to working as closely as ever with libraries and publishers, providing the guidance and solutions needed to meet the evolving needs of the community."
For more information on ProQuest Ebooks, see here.
For more information on ProQuest Digital Collections click here.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media contact:
Amy Bourke-Waite
Amy.bourkewaite@clarivate.com
newsroom@clarivate.com
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SOURCE Clarivate Plc
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