This tool is saving universities millions of dollars in journal subscriptions | Science | AAAS

peter.suber's bookmarks 2020-07-10

Summary:

"In April, when the State University of New York (SUNY) system canceled a big subscription deal with Dutch publishing giant Elsevier in favor of a smaller, cheaper package of subscriptions, headlines focused on how much money the university would save: about $7 million. But behind the savings was a careful cost-benefit analysis and a software tool, Unsub, that helped SUNY work out how to get the most out of its subscription dollars. Many expect the approach to catch on more widely as cash-strapped universities try to weather the COVID-19 pandemic.

SUNY was facing an annual $9 million bill for its subscription to about 2200 Elsevier titles. But Unsub revealed that by spending $2 million a year for just 248 of the journals, the university could give researchers at its 64 campuses immediate access to roughly 70% of the Elsevier papers they are likely to read in the next 5 years. The tool produces its forecasts by analyzing data from each university’s library journal usage, and by scouring the web to see how many of the papers that faculty and students access are already available for free.

Unsub is a “game changer,” says Mark McBride, SUNY’s library senior strategist in Albany, and “I don’t think I’m the only one who thinks that.” Like many universities chafing at high subscription fees and fearing the budget impact of the COVID-19 pandemic, SUNY was looking for savings. And with the help of Unsub, McBride says, it concluded “a big deal is no longer necessary in order for a library to function effectively.” ..."

Link:

https://www.sciencemag.org/news/2020/07/tool-saving-universities-millions-dollars-journal-subscriptions

From feeds:

Open Access Tracking Project (OATP) » peter.suber's bookmarks

Tags:

oa.new oa.unsub oa.tools oa.cancellations oa.big_deals oa.impactstory

Date tagged:

07/10/2020, 13:53

Date published:

07/10/2020, 09:55