Information costs

Author

Stefan Zhelyazkov

Description

The amount of information available through out the globe has risen drastically. The Internet allows everybody to share pieces of data and access others'. The orientation towards mass customization and rapid development of new technologies, allows those that possess the right information at the right time to be extremely successful. At the end it turns out that the data, which can be translated into knowledge, can the difference between success and failure.

Enablers

client-server architecture; low cost of data processing; data storage capacity; ability to access information from anywhere in the world; increased amount of data required by on-line services;

Inhibitors

Security; Physical inaccessibility;