Academic libraries are attempting to manage growing collections of diverse electronic resources in a chaotic environment of evolving standards and systems. The transition from a print-dominated resource environment to an electronic one has complicated the decision-making process. Current discourse primarily focuses on meeting patron needs and has distracted researchers from looking at librarian needs. The authors discovered that librarians want a better understanding of the nature, extent, and diversity of electronic resources for decision making, assessment, and accountability. Drawing from the collaborative methods and design philosophies of other disciplines, this paper outlines an approach to leveraging Web 2.0 philosophy and Business Intelligence techniques to address these needs. This approach will serve as a guide for academic librarians to transcend their current practices in order to develop innovative, collaborative, and holistic approaches to the joint stewardship of library electronic resource collections.