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Xiaofeng Chen
Deputy Researcher, Hubei Academy of Scientific and Technical Information, China
PhD Candidate, Wuhan University of Technology
2021.9.23
PUBLISHER FUNDER
LIBRARIAN
RESEARCHER
The current situation facing scholarly publishing
The current situation facing scholarly publishing
The current situation facing scholarly publishing
OPEN SCIENCE
OPEN SCIENCE
GLOBAL INITIATIVE
GLOBAL INITIATIVE
PANDEMIC
PANDEMIC
REMOTE WORK
REMOTE WORK
OPEN ACCESS
OPEN ACCESS
TRANSFORMATION
TRANSFORMATION
SCHOLARLY PUBLISHING STAKEHOLDER NEEDS
SCHOLARLY PUBLISHING STAKEHOLDER NEEDS
Accessible Information
Funding Application
Data Collection & Analysis
Integrity & Publishing
Dissemination & Recognition


Affordable Subscription Costs
Rich Intelligence Resources
Knowledge Service Capability
Information Technology Support
Research Skills Coaching
Enterprise Vision
Business Profit
Technology Innovation
Meeting Policy Changes
Business Model Innovation
Policy Development
Scientific Problem Breakthrough
Social Responsibility
Social Impact
Research Evaluation
PUBLISHER
FUNDER
LIBRARIAN RESEARCHER
OA transformation of scholarly publishers has not been
widely recognized by the scholarly community, scholars' first
concern is whether their achievements will be widely
recognized to gain reputation
The pandemic looks set to wreak havoc on library budgets,
and we are seeing libraries, funders, and OA advocates
pursuing a variety of incompatible strategies - including
unbundling, transformational agreements, and adoption of
publishing platforms
The mainstream service currently provided by publishers is a
packaged subscription model for journal databases, and this
database resource-based approach is far from meeting the
precise needs of researchers
The emergence of some publishing platforms for emerging
technologies (e.g., blockchain-based scholary publishing
platforms) is far from disrupting existing scholarly publishers
due to their popularity and recognition issues, and OA
advocates have unrealistic expectations about diamond open
access due to sustainability issues
1.
2.
3.
4.
Conflicts and Dilemmas in
Scholarly Publishing
Cash Flow
Service Flow
SOCIETIES
"It is not the strongest of the species that survives, or the most
intelligent, but the one most responsive to change."
-Charles Darwin
Scholarly publishing needs to change, and digital
transformation is the best direction for change now,
because the original purpose of digital transformation
is to improve customer experience and efficiency, and
then achieve new growth through model innovation.
Experience Enhancement Efficiency Improvement Model Innovation
Focus on customer satisfaction
and revenue growth
Understand users and enrich
customer touch points
Analytics-based customer
segmentation
Consistent customer experience
across multiple channels
Streamlined customer
engagement process
Revenue growth
Enhanced sales capabilities
through digital technology
Predictable marketing
Optimized customer handling
processes
1.
2.
3.
4.
5.
6.
Improved operational
efficiency
Shorter product launch cycles
Work from anywhere at any
time
Communicate more widely and
faster
Increased efficiency in
decision making
Operational transparency
Data-driven decision making
Decision empowerment
1.
2.
3.
4.
5.
6.
Focus on core operational
capabilities
Open, Innovative, Ecological
New business growth
Increase in products and
services
Digital Products
Open, Ecological
Enterprise-level integration
Organizational boundary
reshaping
Shared Digital Services
1.
2.
3.
4.
5.
What value benefits can digital transformation bring
What value benefits can digital transformation bring
Digital Transformation Goals
Focus on
researcher-centric
satisfaction
Focus on publisher
operational efficiency
improvement
Four Key Pillars
Focus on the open
ecology of scholarly
communication
Establish the
criteria for
measuring
success
Implementation Steps
Identify key
stakeholders and
priority business
scenarios
Identify
predictive
analytics and
their data sources
Select the
architecture and
technology for
adaptation
Reinventing
Business Models
Autonomous
Analysis Adaptation
How Scholarly Publishing Achieves Successful Digital Transformation
Digital Culture and Organization:
The landing point of digital transformation of scholarly publishing is the change management of scholarly publishing,
which needs to accept digital culture change, digital business process change and digital service model change.
Experience Enhancement Efficiency Improvement Model Innovation
Pursuing
Value Driven
Creating
Digital Assets
How to use data and AI to satisfy customer (researcher) needs
Accessible Information
Funding Application
Data Collection & Analysis
Integrity & Publishing
Dissemination & Recognition
1.ResearcherNeeds
Mastering the current state of research topics and predicting the value of innovation
What funds are suitable for me to apply and what should I do to improve the success rate of fund application
Choose appropriate methods and tools for collecting and analyzing research data
Choose the appropriate publishing platform and comply with scholarly integrity and ethics
Expand the influence of scholarly achievements and obtain peer citations recognition
2.ValuableScenarios
Citations metadata and industry reports
Established projects metadata and fund application requirements
Text and data mining of relevant content in journals and books
Journal publication information data and publication policy
Data on high-impact achievement characteristics
3.RequiredData
Automated literature discovery, tracking and review
Provide score prediction feedback and advice on fund applications
Automatically recommend appropriate methods and tools
Provide suggestions for revisions that meet the requirements
Predicting the effect of dissemination&recognition of achievements
4.AI-assisteddecision
Data-based analytical modeling
Data valuable to the application scenario can be combined and reused through algorithms to form analysis
modules, and the more they are used, the more accurate the predictions will be, and the more their digital
services will be able to meet the needs of researchers.
How to break down data silos and build an
open scholarly publishing system
More Open Data
More innovative
third-party services
......
I4OC and I4OA are highly
commendable public service
activities under the Open Science
Initiative, where publishers are
breaking down data silos.
More high-value services
Scholarly publishers can leverage
their internal data, with external
open data and paid APIs, to provide
customers with information-worthy
insights in real time
An open scholarly publishing system requires open data from all stakeholders, but data
collection, data governance, data curation, and data preservation all have costs. We
want to have free data sources, just like open access, but we prefer to have high-
quality, curated, reusable data assets, and provide more customized microservices for
customers through Data Fabric, from people looking for data to data looking for people
How the token economy is breaking down platform
barriers to achieve incentives in a digital environment
Token economy is an economy that puts Token to full use. Token economy is
an ecology in which there are technical implementations, incentives,
consensus mechanisms, role definitions, technical determinations, defined
target groups, etc. In this ecosystem, Token economy is quite powerfully
effective because of transparency, consensus, algorithmic mechanisms, etc.
The supply of token is fully market-based and highly freedom, and anyone, any organization, any
institution can issue proof of interest (NFTs) based on their own resources and service capabilities.
(eg.Publication data resources, expert review service, publication editing services, etc.)
Token on the blockchain can flow hundreds and thousands of times faster than previous cards,
vouchers, points, and tickets, and because of the application of cryptography, this flow and transaction
is extremely reliable, disputes and friction will be reduced hundreds and thousands of times.
Tokens encourage valuable behavior by scholarly publishing stakeholders, who will also be incentivized
through the token.Due to the high-speed circulation and trading of tokens, the price of each token will
be rapidly determined in the market.
Token Economy
FUNDER
PUBLISHER
LIBRARIAN
RESEARCHER
KNOWLEDGE
AI
Data
Building a Harmonious Ecology of
Stakeholders in Scholarly Publishing
Revenue
Value benefit is the result
of economic and social
value and benefits created
and measurable by
conducting business
activities, which is both the
starting point and the
ending point of digital
transformation
Token Economy
The future of scholarly publishing under digital transformation   data, ai and token economy (1)

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The future of scholarly publishing under digital transformation data, ai and token economy (1)

  • 1. Xiaofeng Chen Deputy Researcher, Hubei Academy of Scientific and Technical Information, China PhD Candidate, Wuhan University of Technology 2021.9.23
  • 2. PUBLISHER FUNDER LIBRARIAN RESEARCHER The current situation facing scholarly publishing The current situation facing scholarly publishing The current situation facing scholarly publishing OPEN SCIENCE OPEN SCIENCE GLOBAL INITIATIVE GLOBAL INITIATIVE PANDEMIC PANDEMIC REMOTE WORK REMOTE WORK OPEN ACCESS OPEN ACCESS TRANSFORMATION TRANSFORMATION SCHOLARLY PUBLISHING STAKEHOLDER NEEDS SCHOLARLY PUBLISHING STAKEHOLDER NEEDS Accessible Information Funding Application Data Collection & Analysis Integrity & Publishing Dissemination & Recognition Affordable Subscription Costs Rich Intelligence Resources Knowledge Service Capability Information Technology Support Research Skills Coaching Enterprise Vision Business Profit Technology Innovation Meeting Policy Changes Business Model Innovation Policy Development Scientific Problem Breakthrough Social Responsibility Social Impact Research Evaluation
  • 3. PUBLISHER FUNDER LIBRARIAN RESEARCHER OA transformation of scholarly publishers has not been widely recognized by the scholarly community, scholars' first concern is whether their achievements will be widely recognized to gain reputation The pandemic looks set to wreak havoc on library budgets, and we are seeing libraries, funders, and OA advocates pursuing a variety of incompatible strategies - including unbundling, transformational agreements, and adoption of publishing platforms The mainstream service currently provided by publishers is a packaged subscription model for journal databases, and this database resource-based approach is far from meeting the precise needs of researchers The emergence of some publishing platforms for emerging technologies (e.g., blockchain-based scholary publishing platforms) is far from disrupting existing scholarly publishers due to their popularity and recognition issues, and OA advocates have unrealistic expectations about diamond open access due to sustainability issues 1. 2. 3. 4. Conflicts and Dilemmas in Scholarly Publishing Cash Flow Service Flow SOCIETIES
  • 4. "It is not the strongest of the species that survives, or the most intelligent, but the one most responsive to change." -Charles Darwin Scholarly publishing needs to change, and digital transformation is the best direction for change now, because the original purpose of digital transformation is to improve customer experience and efficiency, and then achieve new growth through model innovation.
  • 5. Experience Enhancement Efficiency Improvement Model Innovation Focus on customer satisfaction and revenue growth Understand users and enrich customer touch points Analytics-based customer segmentation Consistent customer experience across multiple channels Streamlined customer engagement process Revenue growth Enhanced sales capabilities through digital technology Predictable marketing Optimized customer handling processes 1. 2. 3. 4. 5. 6. Improved operational efficiency Shorter product launch cycles Work from anywhere at any time Communicate more widely and faster Increased efficiency in decision making Operational transparency Data-driven decision making Decision empowerment 1. 2. 3. 4. 5. 6. Focus on core operational capabilities Open, Innovative, Ecological New business growth Increase in products and services Digital Products Open, Ecological Enterprise-level integration Organizational boundary reshaping Shared Digital Services 1. 2. 3. 4. 5. What value benefits can digital transformation bring What value benefits can digital transformation bring
  • 6. Digital Transformation Goals Focus on researcher-centric satisfaction Focus on publisher operational efficiency improvement Four Key Pillars Focus on the open ecology of scholarly communication Establish the criteria for measuring success Implementation Steps Identify key stakeholders and priority business scenarios Identify predictive analytics and their data sources Select the architecture and technology for adaptation Reinventing Business Models Autonomous Analysis Adaptation How Scholarly Publishing Achieves Successful Digital Transformation Digital Culture and Organization: The landing point of digital transformation of scholarly publishing is the change management of scholarly publishing, which needs to accept digital culture change, digital business process change and digital service model change. Experience Enhancement Efficiency Improvement Model Innovation Pursuing Value Driven Creating Digital Assets
  • 7. How to use data and AI to satisfy customer (researcher) needs Accessible Information Funding Application Data Collection & Analysis Integrity & Publishing Dissemination & Recognition 1.ResearcherNeeds Mastering the current state of research topics and predicting the value of innovation What funds are suitable for me to apply and what should I do to improve the success rate of fund application Choose appropriate methods and tools for collecting and analyzing research data Choose the appropriate publishing platform and comply with scholarly integrity and ethics Expand the influence of scholarly achievements and obtain peer citations recognition 2.ValuableScenarios Citations metadata and industry reports Established projects metadata and fund application requirements Text and data mining of relevant content in journals and books Journal publication information data and publication policy Data on high-impact achievement characteristics 3.RequiredData Automated literature discovery, tracking and review Provide score prediction feedback and advice on fund applications Automatically recommend appropriate methods and tools Provide suggestions for revisions that meet the requirements Predicting the effect of dissemination&recognition of achievements 4.AI-assisteddecision Data-based analytical modeling Data valuable to the application scenario can be combined and reused through algorithms to form analysis modules, and the more they are used, the more accurate the predictions will be, and the more their digital services will be able to meet the needs of researchers.
  • 8. How to break down data silos and build an open scholarly publishing system More Open Data More innovative third-party services ...... I4OC and I4OA are highly commendable public service activities under the Open Science Initiative, where publishers are breaking down data silos. More high-value services Scholarly publishers can leverage their internal data, with external open data and paid APIs, to provide customers with information-worthy insights in real time An open scholarly publishing system requires open data from all stakeholders, but data collection, data governance, data curation, and data preservation all have costs. We want to have free data sources, just like open access, but we prefer to have high- quality, curated, reusable data assets, and provide more customized microservices for customers through Data Fabric, from people looking for data to data looking for people
  • 9. How the token economy is breaking down platform barriers to achieve incentives in a digital environment Token economy is an economy that puts Token to full use. Token economy is an ecology in which there are technical implementations, incentives, consensus mechanisms, role definitions, technical determinations, defined target groups, etc. In this ecosystem, Token economy is quite powerfully effective because of transparency, consensus, algorithmic mechanisms, etc. The supply of token is fully market-based and highly freedom, and anyone, any organization, any institution can issue proof of interest (NFTs) based on their own resources and service capabilities. (eg.Publication data resources, expert review service, publication editing services, etc.) Token on the blockchain can flow hundreds and thousands of times faster than previous cards, vouchers, points, and tickets, and because of the application of cryptography, this flow and transaction is extremely reliable, disputes and friction will be reduced hundreds and thousands of times. Tokens encourage valuable behavior by scholarly publishing stakeholders, who will also be incentivized through the token.Due to the high-speed circulation and trading of tokens, the price of each token will be rapidly determined in the market. Token Economy
  • 10. FUNDER PUBLISHER LIBRARIAN RESEARCHER KNOWLEDGE AI Data Building a Harmonious Ecology of Stakeholders in Scholarly Publishing Revenue Value benefit is the result of economic and social value and benefits created and measurable by conducting business activities, which is both the starting point and the ending point of digital transformation Token Economy