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20 Bus. Info. Alert 1 (2008)

handle is hein.journals/busiale20 and id is 1 raw text is: Busin ssInormation Alert Sources, Stratcqics, and S~qpostsfor In finwilation Proessionals Volume 20, No. 1 January 2008 State of the World: A Look at Business Information in 2008 by SylviaJames At the turn of the year it is a good exercise to reflect on business information by looking forward to the New Year, but also taking a clear look at the important events of the previous year. The year 2007 turned out to be a watershed in all kinds of ways, with events changing the nature of the global busi- ness climate and, in turn, our work as business information professionals. Back Stories This article is one of several I have written on this general theme for the Business Information Alert. As long ago as 2003 I wrote about the future of business information as a specialty in the financial services sector (The Future of Financial Services and the Information Professional, January 2003). This was in response to a period where redundancies were sweeping through the community of business information professionals, because corporate finance activity and particularly the latest mergers and acquisi- -In This Issue tions wave had come to a standstill. More recently, in January 2007, I wrote a more reflective article, The Philosophy of Business I State of the World: Information, in which I looked at the basic reasons why business infor- A Look at Business mation was necessary to all kinds of companies. This article has proved Inforaton in 2008 to be the most significant I have written on this theme of the macro-envi- ronment in which we work. I started out to write on the state of the art on purely business information, with perhaps a comment or two on the 6 Comings & Goings in the major mergers in our sector. Early on in my background reading and Business Information World preparation, I realized that as we head into 2008, there was a much 8 News and Trends broader and significant perspective to explore. 10 Ino Intro: I am in a fortunate position in that I see all aspects of business infor- Sovereign Wealth Funds mation on a day-to-day basis in the projects I do. In 2007, my work continued on page 4

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