ROTFL-Deserving Items

Sunday, December 14, 2008

Information = Commodity

With the advent of internet, information has now become a commodity.  There are tons of people out there who are willing to give it away for free.  Digitization has made this all possible. 

Newspaper business, once the darling industry of America, is now suffering because they are too slow. Everything has to be "in real time." Howe did we ever accomplish anything without a computer? 

In a ironic fashion, however, right information is now more valuable than ever. Because everyone is flooded with too much data, we've not got to summarize and make sure to check the data is correct. This is why people pay thousands of dollars for a Bloomberg machine. People can't tell the difference between HDTV and regular TV. Clearly. machine's reached our limit for a lot of us. 

Everyone's so focused on developing mechanisms to deliver information faster. I think that given that the bottleneck is with our ability to comprehend, focus should be really on either filtering all the data or developing comprehension skills. 

I know there are many "summarizing programs" out there. But the main focus of the community should be on solving the bottleneck. Increasing the bottle size won't do anything... really. 

No comments: