Hal R. Varian quoted in Wired:
Varian believes that a new era is dawning for what you might call the dataratiâ€”and it’s all about harnessing supply and demand. ‘What’s ubiquitous and cheap?’ Varian asks. ‘Data.’ And what is scarce? The analytic ability to utilize that data.”
Providing information analysis is a task that is related to but much different than providing information gathering and presentation. It requires a precise understanding of a customer’s problem in order to be useful. Sounds like another business on top of the news business. Aren’t high-end consultants already doing this? Should/do media companies compete in this space?