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This report provides an overview of the state of IEEE in 2009, including the outlook for publications revenue, membership trends, conference attendance, and the transformation of web-based products. It also highlights the threats to IEEE conferences and celebrates the 125th anniversary of IEEE with various events and activities.
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The State of IEEE John Vig 2009 IEEE President and CEO Seminar at the University of Strathclyde 10 August 2009
2009 Outlook 2 • Publications Revenue • June 2009 Forecast: +$3.7M vs. 2009 Budget and +11.3M vs. 2008 Actuals. • General Membership • +8,887 members June 2009 vs. June 2008 • Students and Graduate Students are up 5,527 • Higher Grade Membership is up 3,360 • Society Membership • - 3,495 members June 2009 vs. June 2008 • Conferences • Data for 17 of the largest 59 conferences that have run indicates that attendance is down. • Five expect higher surpluses than budgeted while ten expect lower and two are projecting a loss • Forecast for these conferences, indicates a $2.1M shortfall to budget • Overall IEEE net June 2009 forecast for the year is essentially break-even and is $(0.2M) vs. the Budget. 19-Dec-19
Joined us on 6 April 2009 • Ph.D., EE, Cambridge U. • IEEE Senior Member • Member for 32 years • Born in Australia • Motorola, DuPont… New ED/COO: Jim Prendergast
Global Membership1995 to 2008 2008 Students: 70% in R7-10 70.8% 54.8% 45.2% 29.2% Slope ~1.2%/yr; 50:50 in 5 years
IEEE Publications • Record number of authors • 171K articles published in 2008 -- (32K journal + 139K conference articles) • 2 millionth article posted in Xplore in early-2009 • More people using our information • 4,300+ customer sites, worldwide, accessing our electronic packages -- >3x the ’04 number • More reading more IEEE material • >7M downloads a month from Xplore (~230,000 a day!) in 2008 • AIP and IBM journals in Xplore as of June (VDE also interested)
Web-Based Products Transformed IEEE’s Pubs Revenue Stream 2000-2009B in $ millions earned $145.8 $152.4 $57.7 87% Online +19% +14% +10% +11% +10% +14% +12% +8% +5% 20% Online (Total Publications Package revenue, all media. Excludes Society-only products.)
Open Access OA = providing content free of charge on the Internet OA Types: immediate, delayed, OA archiving… >3K OA journals, per www.doaj.org, including the Open Electrical & Electronics Engineering Journal (OEEE), www.bentham.org/open/toeej/ IEEE policy: authors may post own papers in OA archive w/o delay; 31% of 2005 articles & 36% of 2001 articles were OA by 2007 (e.g., via www.scholar.google.com) Per www.eprints.org/openaccess/policysignup (Sept 08): 27 Funder Mandates (US NIH, Canadian NRC, EC, UK agencies…) 22 Institutional Mandates (CERN, universities…) John Vig, 14 Nov 2008
Conferences • In 2008 IEEE… • Sponsored 970 conferences • ~522 financially sponsored (52% in R7-10) • ~418 technically cosponsored (84% in R7-10) • In 62 countries • Touched >400K attendees • >130K presentations • Generated ~$130M in revenues
IEEE Revenues From Operations1 2008 Operating Revenue ~$342.4 Million Finance & Other 1 Does not include Investment Returns Membership Dues Standards Membership- other Conference Events Periodicals Conference Proceedings
IEEE Conference Locations… Financially Sponsored 52% held in Regions 7-10 Technically Co-Sponsored 84% held in Regions 7-10
Threats to Conferences Business • Easy to start a competing conference • Easy to get IEEE technical cosponsorship (use of IEEE logo/brand); geo units are tech. cosponsoring competing “international” conferences • Easy to develop an emailing list & website • Easy to get proceedings into Xplore; but, quality control? • Sponsorship and tech cosponsorship are the same to most people; both are an “IEEE conference.” • Number of conferences is growing rapidly, but…
IEEE… Celebrating 125 Yearsof Engineering the Futurewww.ieee125.org
Engineering the future Event Series • Eight Key Celebrations Bringing Together Members, Volunteers, and Customers • Munich, Germany 27 April • Austin, Texas, USA 30 April • Boston, Massachusetts, USA 11 May • Beijing, China 8 June • Bangalore, India 29 August • San Jose, California, USA 16 September • London, UK 6 October • Tokyo, Japan 30 October
125th Anniversary Activities Additional celebrations and activities around the world throughout 2009 • IEEE Sections, Societies, Chapters, Student Branches, Affinity Groups - Examples: • Over 200 Sections pledged to celebrate locally • IEEE 125th Anniversary R10 Student Congress • GOLD “Pass Along” Video • PES celebrates PES and IEEE 125th • Members say Happy Anniversary on YouTube & FaceBook
Students Create Solutions to Real World Problems • Individual IEEE Student Members or teams led by Student Members • Entries accepted • 1 Sept 08 to 28 Feb 09 • Prizes funded through Life Member fund IEEE Presidents’ ‘Change the World’ Competition 200 entries Initial judging by SAC chairs; final selection by three P’s. Top Prize: US$10,000 Presented at the 2009 Honors Ceremony 2009-2010 contest just started
So why “so much”reserves? • Why does IEEE need “so much” in reserves? • Long-term protection and preservation of the IEEE • Cover deficits resulting from pandemic (SARS was a warning), severe economic downturns (lower conference registrations…) • Investments - new strategic programs and large-scale operational improvements (e.g. IEEE Xplore, and new IT system have multi-$10M costs) • Weather the economic impact of a legal judgment against the IEEE
Volunteers Are The Secret of IEEE’s Successes… How many volunteers in IEEE?
Volunteer Resources “arithmetic”>200K is a safe number because...
Volunteers Live Longer! • “It is one of the beautiful compensations of life, that no man can sincerely help another without helping himself.” Ralph Waldo Emerson • Studies show that volunteers live longer, and healthier lives. (Google “Volunteers live longer” or “Health benefits of volunteering” for examples of the numerous studies*.) * “The Health Benefits of Volunteering: A Review of Recent Research,” published in 2007 by the U.S. Corporation for National and Community Service.