Enabling Business Information Companies to Discover New Revenue Sources

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Excerpt:

HCL feels that to stay relevant I this world, business information service (BIS) providers need to do two things: co-create parts of the business value chain for their customers, thereby reducing operating costs and restructure their own organizational silos to create open-ended platforms that can provide a single view into the complete product-service portfolio and also delivery seamlessly.

BIS companies provide standardized, subscription-based products and services that offer a combination of factual and/or textual data with tools for transformation and analysis. Traditional clients have been B2B segments like market research, education and training, credit, scientific, technical and medical and legal, tax and regulatory- industry sectors that use information for decision support.

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