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Press Release

MAJORITY OF BUSINESS TRAVELERS SEEK MORE EFFICIENT MEANS OF MANAGING INFORMATION OVERLOAD

In New Yankelovich/NetLibrary Study, Business Travelers Say They Can't Maintain Current Pace with Current Tools

BOULDER, COLO.-9 NOV. 1999-For the majority of American business travelers, the Technology Age may prove more cumbersome than helpful when obtaining information needed for the job, according to a new Yankelovich Partners survey released today by NetLibrary, provider of the most comprehensive online collection of trade, reference, scholarly and professional eBooks.

More than half of survey respondents say they are overwhelmed with the glut of information resources available and admit that they struggle to stay ahead of trends. A majority (57 percent) desires a faster, more efficient means of obtaining information and looks for ways to save time in the midst of rapid industry and technological change.

"While advancements in information technology have made it easier for Road Warriors to stay current, until now information resources have lagged behind," said NetLibrary President and Chief Executive Officer Timothy R. Schiewe. "netLibary has made it possible for business travelers to quickly download full-text eBooks from a number of top publishers and use those materials to increase their professional knowledge."

Management Books Prized for Insight and Perspectives

Two-thirds surveyed (67 percent) believe that staying current with business books increases their professional value. However, based on survey responses, most Road Warriors (54 percent) would rather not spend time researching and shopping for paper books before an important business trip, nor are they interested in adding weight to their luggage. Fifty-four percent say they leave books behind when traveling due to the lack of baggage space.

The majority of business travelers recognize the value and future importance of eBooks. Three quarters (75 percent) agree that eBooks will provide faster information access compared to paper books. A similar proportion (70 percent) agrees that access to electronic books will grow in importance.

"Business travel creates a certain amount of captive time that is perfect for catching up on professional reading," said Renee Zacoor, Yankelovich Partners. "Our survey results indicate that Road Warriors are interested in using that time wisely through more efficient methods of acquiring and scanning written materials. eBooks present a logical and increasingly popular solution."

Study Evaluates How Business Travelers Stay Connected

Business travelers who qualified for this study had taken six or more business trips in the past year and stayed in hotels 10 or more nights. According to the study, frequent business travelers typically spend one-third of their time (34) percent on the road and more than two-fifths of their work time (41 percent) outside the office. As a result of time away, business travelers rely heavily on alternate means of communication to stay in touch with their offices, such as voice mail (77 percent), e-mail (74 percent) and mobile phones (69 percent).

Three quarters (74 percent) of frequent business travelers carry a laptop or notebook computer on their business trips, most often for work (96 percent), e-mail (90 percent) or accessing the Internet (80 percent).

"The vast majority of business travelers have the hardware tools they need to stay in touch and increase their knowledge," said Schiewe. "Now NetLibrary helps to provide the other half of the equation: eBooks."

About NetLibrary

NetLibrary has harnessed the power of the Internet to provide convenient, anytime/anywhere access to more than 8,000 eBooks, 600 of which are business titles. NetLibrary members can download several eBooks to their laptop computers and read them on planes, in hotel rooms, or just about anywhere. NetLibrary eBooks are full-text searchable and can be highlighted and annotated digitally. More than 80 publishers offer eBooks to readers through NetLibrary. NetLibrary's publisher partners include AMACOM Books, Harvard Business School Press, Houghton Mifflin, McGraw-Hill, and O'Reilly & Associates.

 







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