For a blow-by-blow view of this event and today's SIIA Executive Summit, stay tuned to our
guest weblog on PaidContent.org. The bottom line on global prospects for the professional content industry: if 70 percent of your business is based on sprucing up government records and other public information and you've saturated your markets for developing nations, there's no alternative but to start mining the more risky countries to gain the margins that substantiate content aggregation as a viable business model. Because of the cost factors in those countries (an $80 book in a developed nation would have to retail at $14 in India, for example), offshoring becomes a necessity to find competitive price points in many instances, but no matter, it's the growth that counts. The global economy and the need of developing nations to compete with developed economies with transparent and reliable content can help content companies to some degree, but as financial information companies have discovered in developing markets, it will take a LOT of growth to make that happen in the face of competition from more open and/or cost effective sourcing models.