Strategic aspects of networking Available to Purchase

The basic technical components of ‘information networking’ have been in place since the mid‐1970s, when the first generation online bibliographic services such as the INSPEC databases and MEDLINE, implemented on dial‐up hosts like Dialog and ESA changed the ways in which librarians approached bibliographic searching — at least in the better funded organizations. The peak of diversification and growth of the online bibliographic database probably came around 1988 when Williams reviewed the near‐exponential growth of new services and the extraordinary diversity of the sources which appeared to be viable. At about the same time, however, it was being pointed out that despite the excitement this was generating in libraries, it amounted to less than 15% of the European market in electronic information services, with data‐oriented financial services dominating the remainder. The share of the host‐based financial data services has probably subsequently grown — at the time of writing in August 1993, Reuters (a market leader in financial data services) was reported as having difficulty in disposing of its trading profits.