Wall Street 2.0
Tuesday, March 27th, 2007We should be talking about the intellectual bankruptcy and sterility of traditional sell- and buy-side data, from IBES on outward, and about how the richest vein of tradable data is online and unexploited, from real estate services to Ebay trading data.
Complete flyer here, but I was doing some work recently where I tried to compare the amount of unstructured data available freely via the web, with the amount of data flowing through “official” financial data channels, like Thomson, etc. I could be wrong by an integer multiple one way or the other, but we’re likely seeing about 10tb of official financial data every day over official channels, and something on the order of 100-500tb of non-official data, from weather, to news, to Ebay data, to Craigslist listings, to referrer traffic, etc.
From Infectious Greed