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!