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ARL Library Investment Index: why is it important?

Learn why the ARL Library Investment Index is crucial for measuring library collections and resources. Discover the latest trends in library expenditures and services.

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ARL Library Investment Index: why is it important?

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  1. ARL Library Investment Index: why is it important? Presented by Brinley Franklin Martha Kyrillidou Colleen Cook Bruce Thompson Chania, Crete, Greece May, 2009 www.arl.org

  2. The real husky! www.arl.org

  3. New Ways of Measuring Collections Task Force • Summary of activities http://www.arl.org/stats/aboutstats/tfnewways.shtml • Composition (convened Dec. 2004) • Statistics • Research Collections • Membership • Process (Spring-Summer 2005) • Interviews of 100 ARL members www.arl.org

  4. Most Important Issues • Data is not expressing uniqueness of materials • Relevance to teaching, learning, research not adequately reflected • Collections go beyond printed volumes • Research library is more than collections – include its services; ARL is not telling the story • Increase in expenditures for Electronic Resources • Ownership to Access • Consortial relationships/cooperative collection development www.arl.org

  5. Most Important Issues (cont) • Shared storage facilities • Duplicate serials based on bundling • Special collections not reflected • ARL Membership Committee wasn’t basing membership on Membership Index www.arl.org

  6. Purpose of Measuring • Historical significance of long dataset to show trends • Accounting for university’s investment • Comparison; benchmarking But, ARL Membership Index had become “misunderstood, misleading, and unhelpful” www.arl.org

  7. October 2005 Task Force Recommendations to ARL Board • Exploratory factor analysis • Profile of contemporary research library • New meaningful measures development • Publication of the membership index www.arl.org

  8. Consultant Reports • Engaged Spring 2006 • Quantitative (Bruce Thompson) • Confirm membership index • Established new expenditures-focused index • http://www.arl.org/stats/index/index.shtml • Qualitative (Yvonna Lincoln) • Profile www.arl.org/resources/pubs/mmproceedings/ 149mmproceedings.shtml www.arl.org

  9. Action Agenda • Reserve current membership index for membership issues • Implement Library Investment Index (previously named expenditures-focused index); report these index scores to Chronicle of Higher Education • Begin to develop service-based index • Revise definitions of collections-related data categories, especially serial counts • Collect qualitative data for individual member profiles that demonstrate the library’s value to its parent institution and to the broader research community www.arl.org

  10. The story of two indices www.arl.org

  11. www.arl.org

  12. Are they really different? www.arl.org

  13. www.arl.org

  14. Library Investment Index • Principal Component Analysis • Variance Explained = 92.6% Variables: Total Expenditures Salary Expenditures Materials Expenditures Professional plus Support Staff www.arl.org

  15. Challenge • ..measuring the size of library collections cannot be what it used to be … Martha Kyrillidou, “Reshaping ARL Statistics to capture the new environment” Feb 2008, http://www.arl.org/bm~doc/arl-br-256-stats.pdf www.arl.org

  16. Profile elements as identified by Task Force • services to the library and scholarly community • distinctive research-oriented collections and resources of national significance in a variety of media • the nature of use made of the collections and services by faculty, students, and visiting scholars • the preservation of research resources • the leadership and external contributions of the staff to the profession • the effective and innovative use of technology • consortial memberships (including cooperative collection development and preservation efforts) • important locally created digital collections • library collaborations with faculty. www.arl.org

  17. Celebrating Research • Brief descriptions are offered of the special collections at each library http://www.celebratingresearch.org/libraries/index.shtml www.arl.org

  18. More info … • www.arl.org/stats/ www.arl.org

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