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Type | Media Coverage |
Title | Ubiquitous Scaling Laws and Irrelevant Time |
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Export | BibTeX |
Date | June 19 - 2017 |
Abstract/Keywords | “Who owns the information, he owns the world”. This phrase became famous in 1815 when Rothschild family managed to earn about 3 billion British Pounds and became the owners of a large part of the British economy in one day, simply by having a bit more information about results of the famous Waterloo battle than other traders. Today huge companies, such as Google, Bloomberg or Facebook one way or another make their money processing and selling structured information such as political news or users behaviour to other companies and individuals. There is no need to say that these days clear and instantly delivered information is more important than ever. Apparently, there are hundreds or thousands methods and types of information which can be extracted from the big amounts of data. |
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