Publishing is an ever-evolving industry that can be quite unpredictable to fully pin down. Just within the last few years e-books have largely replaced print material, saving many natural resources in the act.
Today, many publishers and distributors have invested in this emerging trend, offering e-book conversions for old material. Even some brick-and-mortar bookstores are willing to invest in these technologies to cut down on their operational costs as well as swiftly delivering books to readers.
Today’s virtual solutions have enabled distributors and publishers to embark upon an unexplored avenue that has changed how people read and listen to their favorite authors. According to Statista, revenue generated from the e-books sector is anticipated to reach US$15,635m in 2021. And at the current rate of 3.18 per cent, it is predicted to cause a market volume of USD 17,723 million by 2025. Many leading distributors, such as Bookmasters Distribution, are witnessing major growth from this change in distribution. The company invested $3.5 million in equipment and operating systems to keep up with changes in technology. Besides, Hachette continues to invest heavily in the modern solutions that have helped them win back Disney and Hyperion as its distribution clients. The deal has helped the French publishing company to leverage sales opportunities and decrease excess inventory at retail.
Why have e-books become the norm?
Pandemic has been a blessing disguise for the publishing industry. It has resulted in a huge demand for reading material. In fact, the Atlantic Council report seconds the above mentioned notion. Reading e-books has become a hobby for many that had more time on their hands stuck at home during the pandemic. Statistics provided by Statista support the abovementioned notion as it states that the global e-book market was estimated to be USD 18.13 billion in 2020, and it is anticipated to reach USD 23.12 billion by 2026.
Why should publishers go digital for their books?
Reduces Expenses
The biggest advantage e-books offer to the distributors is the cost-cutting. Through going digital, they could save thousands on print chargers, paper costs, and shipping for upcoming products. Because, when a distributor aligns its processes with epublishing services, they can eliminate the money that would later add up in the books for extra processes. Additionally, it helps readers to access the book anytime and anywhere at lower costs.
Expands Customer Reach
Another benefit of e-book distribution is that it helps distributors and publishers expand their audience base. The traditional paper books offered limited readers as they could be reached only to avid readers. The advent of the internet has enabled writers to self publish material in a wide variety of easy to access ways through blogs, Amazon, and more.
To know more - https://katalysttech.com/blog/epublishing-content-management-helps-publishers-leverage-e-book-distribution-service/
As a newcomer to the world of wealth management and private banking, the best way to learn is online.
There are so many websites with so much information that it’s hard to narrow it down to just a few.Almost every banking website talks about how their respective banks can make our money grow, save taxes, and invest in profitable markets to get the most out of our returns.
Some of the pages are intuitive, easy to navigate, and have lots of informative content.Wealth management is a difficult subject, and finding the right combination of articles and charts is essential to keep us on the site for a long time.
It must be relevant too.Before COVID-19 hit the world, financial advisors and investors, discussed their long-term plans and goals over a cup of coffee at advisory desks or in the comfortable offices of ultra-wealthy investors.
While digitizing bank websites is accessible, advisors still prefer old-school businesses with limited information and transparency and rely more on their knowledge, experience, and managed assets.BBVA understood the importance of keeping up with the digital banking trend and has seen 18% of new Spanish customers and 38% in the U.S. joining the bank through a digital channel.Digital reach:According to the World Wealth Report, HNWIs require digital skills from the wealth management industry regardless of age, wealth status, or need for advice.That is, both traditional customers (baby boomers) who are affected by COVID-19 and want to immerse themselves in the world of technology, as well as independent and motivated customers (Generation Y (Millennials), born 1980 to 1994; Generation Z from 1995 to 2009) who prefer to do their research to understand and feel more specific and factual information related to wealth management and private banking.In the digital world, traffic to your website offers as much opportunity as you do by attracting new customers and building relationships by serving existing customers.We’re not just talking about web channels here; we’re also trying to figure out the importance of mobile responsive websites and mobile apps.
Mobile applications, in particular, provide instant and more accurate and up-to-date information.Bank of America increased digital capabilities and has seen record-breaking profits surpassing those earned before the recession.
"40% of intranet initiatives fail to deliver a return on investment due to inadequate adoption”– GartnerSo what can organizations do to boost intranet adoption rates?A robust intranet strategy prioritizes employee engagement, timely updates and ease of access.
It should also take into considerations aspects such as – why should employees use the intranet?
How will it benefit them?
etc.If employees don’t recognize the purpose it serves, chances of them utilizing it are compromised, thereby affecting adoption rates which takes a toll on the investment.To build an engaging intranet, there arises a constant need for relevant and up to date content.
It’s important to also have a set of clear business objectives to help drive overall intranet adoption rates.Learn more: https://acuvate.com/blog/9-intranet-content-ideas-boost-user-adoption/
CMS Web Development (Content Management System) for the most part alludes to an electronic application that empowers various clients with various benefit levels to deal with an information, substance or data of any site application, venture on the internet forum.Email: [email protected]: https://www.elysiandigitalservices.com/website-development-agency/cms-web-development-agency/Mobile: +91 7827770641
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