A Question of Efficiency:
Increase efficiency of administration and data exchange
Rights societies must increase their efficiency if their collective administration services are to remain attractive to rights holders. Efficiency can most readily be achieved by removing areas of duplication from the part of the business which carries the most significant overhead within each society - the management of information. This can be achieved by societies working together to standardise the way information is structured within a common system architecture. It will enable them to progressively streamline their administration, ultimately achieving significant economies of scale while creating more efficient mechanisms for exchanging information to support automated transactions for the licensing, tracking and monitoring functions demanded by a dynamic digital trading environment.