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Frequently Asked Questions
What are the Objectives of BIIA? To provide a neutral open forum for BIIA members to debate and resolve common issues with users, regulators, government and the public information sector Please consult the Mission Statement in this Website What is the Definition of B2B Business Information? B2B Stands for Business to Business. The business information content industry is defined broadly as suppliers of paid-for (by users or advertisers) proprietary information to businesses or about businesses. What is the Approximate Size of the B2B Industry? BIIA member Outsell Inc. predicts that the information content industry will reach US$ 448 billion by 2010, accounting for a compound annual growth rate (CAGR) of 5.4% from 2007 to 2010. The third largest segment, Credit & Financial Information (C&F) is expected to outpace the industry average with a compound annual growth rate (CAGR) of 8.4%. Outsell expects the information industry continue to grow steadily through 2010. However, the growth rate will be somewhat slower than the 6.2. CAGR generated between 2002 and 2006. Fast Track Segments: Lead by Google, Outsell predicts that Search will continue to drive industry growth, generating a 21.8% CAGR from 2007 to 2010 and US$ 75 billion in revenue by 2010. HR Information, IT Research, Credit & Financial Information and Market Research segments are also expected to grow strongly from 2007 to 2010, CAGRs of 15.4%, 9.5%, 8.4% and 8.2% respectively. Source: The data was provided courtesy of BIIA member Outsell Inc., who is the only worldwide market research company and consulting company who delivers must-have intelligence and advice to publishers and information providers. http://www.outsellinc.com/ Is BIIA a Conduit for Information Services between its Members? No! BIIA is a Trade Association with the Sole Purpose to Promote and Protect the Information Industry in the Asia Pacific - Middle Eastern Region. When was BIIA formed? BIIA was registered in June 2005 in Hong Kong In which country is BIIA registered? BIIA is registered in Hong Kong How to join BIIA? Click on the menue bar "Join BIIA" and provide us with your company details. You will be contacted promptly. CCIIA - Commercial Credit Information Division of BIIA - What is it? CCIIA is the Commercial Credit Information Division of BIIA and represents the interest of the commercial credit information industry in Asia Pacific - Middle East. It is a neutral forum to promote, protect and inform the industry. The Commercial Credit Information Division serves as a platform for networking and informing users, regulators, governments and the general public about the value of credit information in credit risk assessment. IS COMMERCIAL CREDIT INFORMATION REGULATED? The answer is NO: The industry is largely self-regulating; the market has a strong influence on performance standards and quality. BIIA members subscribe to a code of conduct and to high quality standards. BIIA conducted a survey on regulatory frameworks for commercial credit information in key countries and found that there no regulatory restrictions on commercial credit information. The survey encompassed a number of key aspects such as licensing, data secuitiy, right to consent etc. For more information go to: http://www.biia.com/library.php#297 http://www.biia.com/library.php#289 SHOULD COMMERCIAL CREDIT REPORTING (CREDIT INFORMATION ON ENTERPRISES) BE REGULATED IN CHINA? BIIA believes the answer is no because existing laws are already effectively regulating commercial credit reporting. BIIA outlines its position and how credit information is regulated in three key markets (example). To read BIIA Industry Position click on the link: http://www.biia.com/library.php#298 IS B2B ONLINE MEDIA REGULATED IN CHINA? The answer is YES. The government remains firmly in charge of market. The government’s objective is to maintain control of content and, by extension, all forms of media; print, broadcast, events and the Internet. To read more click on the link: http://www.biia.com/library.php#299 |
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Information Industry Association Asia Pacific – Middle
East Limited |
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