the state of ieee john vig 2009 ieee president and ceo ieee region 8 meeting venice, italy 24-26...
TRANSCRIPT
The State of IEEE
John Vig2009 IEEE President and CEO
IEEE Region 8 MeetingVenice, Italy24-26 April 2009
2009 Outlook - as of 20 April 2009
Publications Revenue is forecasted to exceed the 2009 budget by $3.4M. Membership revenue is forecasted to exceed prior year by $1.1M but fall short of the 2009 Budget by $1.2M.– IEEE Membership through March is ahead of prior year by 8,289
members Students and Graduate Students are up 8,159 Higher Grade Membership is up 127
• Data for 8 conferences of largest 59 that have been completed indicate that attendance is down. – Two expect higher surpluses than budgeted while six expect
lower– Current forecast indicates a 1.7M shortfall to budget
Apr 19, 2023
2
Slope ~1.2%/yr; 50:50 in 5 years
Global Membership1995 to 2008
70.8%
29.2%
54.8%
45.2%
2008 Students: 70% in R7-10
>2M documents in IEEE Xplore® digital library
Number has doubled in last 5 years
Successes due, primarily, to IEEE’s reputation
Now includes Expert Now web courses, IEEE Standards Online, Draft IEEE Standards
Coming soon: AIP & IBM journals
171K articles published in 2008 (up 6.4% over 2007) 32K refereed journal articles; 139K conference articles
from 900 IEEE-related conference proceedings annually
140 new standards
Publications
Conferences
In 2008 IEEE…– Sponsored >900 conferences
~560 financially sponsored (52% in R7-10) ~350 technically cosponsored (84% in R7-
10)
– In 62 countries
– Touched >400K attendees
– >130K presentations
– Generated >$100 million in revenues
IEEE Revenues From Operations1
1 Does not include Investment Returns
ConferenceConferenceEventsEvents
PeriodicalsPeriodicals
Membership-Membership-otherother
MembershipMembershipDuesDuesStandardsStandards
Finance &Finance &OtherOther
ConferenceConferenceProceedingsProceedings
Preliminary 2008 Operating Revenue ~$329.1 Million
IEEE Conference Locations…
150
14
24
100
270 R 1-6
R7
R8
R9
R10
5513
15611
110 R 1-6
R7
R8
R9
R10
Financially Sponsored
Technically Co-Sponsored
52% held in Regions 7-10
84% held in Regions 7-10
IEEE Conference Budgeted Surplus Distribution by Region
72%
5%
15% 1% 7% R 1-6
R7
R8
R9
R10
R8 has 27% of financially sponsored conferences but budgets for only 15% of the surplus!
Threats to Conferences Business
Easy to start a competing conference
Easy to get IEEE technical cosponsorship (use of IEEE logo/brand); geo units are tech. cosponsoring competing “international” conferences
Easy to develop an emailing list & website
Easy to get proceedings into Xplore; but, quality control?
Sponsorship and tech cosponsorship are the same to most people; both are an “IEEE conference.”
Market growth vs. numbers of conferences?
“CISSE 2007 received 750 research paper submissions and the final program included 406 accepted papers, from more than 80 countries.” Proceedings is published by Springer.
Number of IEEE Technically Co-Sponsored Conferences
IEEE Society/Council/Geographic Unit Sponsored/Co-Sponsored/Other
Apr 19, 2023 12
8
17
29
4561
84
334
180
212
254
280 289
0
50
100
150
200
250
300
350
400
450
2003 2004 2005 2006 2007 2008
Geo Units
S/C and Others
*All data prior to 2008 year-end close.
IEEE Reserves $(Millions)
0
50
100
150
200
250
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
98.0 108.6
131.5 121.6
92.3 91.0
116.6
138.6
168.7
209.4
246.7
159.0
Years Preliminary
So why “so much”reserves?
Why does IEEE need “so much” in reserves?Long-term protection and preservation of the IEEE
Cover deficits resulting from pandemic (SARS, was a warning), severe economic downturns (lower conference registrations…)
Investments - new strategic programs and large-scale operational improvements (e.g. IEEE Xplore, and new IT system have multi-$10M costs)
Weather the economic impact of a legal judgment against the IEEE
How Much is Enough?
Reserves level is a policy decided by the IEEE Board of DirectorsDetermination of the “right” level of reserves is based on risk assessment of IEEE operations (membership, standards, publications, conferences, lawsuits, etc.), per IEEE Finance Operations Manual, paragraph FOM.4.Current “right” level = $178M to $254M. Actual level = $159M, so, we are below the minimum level.
IEEE is a very successful organization – why?
Volunteers Are The Secret of IEEE’s Successes…
How many volunteers in IEEE?
Volunteer Resources “arithmetic”>200K is a safe number because...
04/19/2317
32K journal articles (some with low acceptance rate, some high)Assume 50% average acceptance rate~64K articles must have been submitted to yield 32K published.Average number of referees per paper is 3; average number of authors (who ARE also volunteers) is above two, so assume five volunteers -- reviewers, authors and editors -- contribute to each paper ; 5 x 64K = 320K
~300K
139K conference proceeding articles, adjusted for acceptance rate (~70%) and the number of authors & reviewers per article (2+) =
~400K
~900 conferences Typical conference (not larger ones): at least 100 volunteers for committees: organizing, technical program, local arrangements; editorial, publicity =
~100k
~3K sections, chapters, student branches, societies, councils>30 officers, committee members, other volunteers per such OU =
~100K
~900 published standards, plus 400 more in progressWorking group volunteers, balloting volunteers, etc. =
>20K
Some do >1 job, so, rough estimate = >900K÷4 >200K
…and with ~1K IEEE Staff comprise a formidable team
04/19/2318 There’s a benefit…
Volunteers Live Longer!• Studies show volunteers live longer, and
healthier lives. (Google “Volunteers live longer” or “Health benefits of volunteering” for examples of the numerous studies*.)
“It is one of the beautiful compensations of life, that no man can sincerely help another without helping himself.”
Ralph Waldo Emerson
* “The Health Benefits of Volunteering: A Review of Recent Research,” published in 2007 by the U.S. Corporation for National and Community Service.
IEEE… CELEBRATING 125 YEARS
OF ENGINEERING THE FUTURE
WWW.IEEE125.ORG3-Feb-0920
So, thank you for your contributions and your dedication to IEEE. Thank you for being an IEEE volunteer.
And, oh, yes… be sure to also have fun, and…
Dance more!
Thank You!