Kindle Notes & Highlights
they invest lots of energy looking for a profitable idea and become very risk averse once they stumble onto the first one one that works. They use only that one idea (exploit) and fail to look for others that may be equally if not more profitable (explore).[
Companies focused on data economy model
If it’s difficult or time-consuming for others to collect certain data, then they’ll certainly pay someone else to do it.
Collect and supply, Ugly work for others
people will happily trade money for work they don’t want to do — or can’t do well.
Opportunity
Along the way, you’ve collected time-series data from several financial news channels, then made the painstaking adjustments for time misalignment between those sources. Even if your model fails, you still have a dataset that
Hosting doesn’t have to be just about storing and providing access to raw data. You can also host analysis services: provide your customers with basic summary statistics — or any other calculated measures of the datasets — such that they needn’t download the data and do it for themselves.
Hosting isn't just storage, it includes some services around.
Bad analytics can do more damage than none at all, and customers will certainly notice.
Gooxd pitch
They don’t want to be in the business of managing data; they want to use data to drive their business.
Filter and refine
It’s often said that most of the effort in a data-analysis exercise is spent on the grunt work: collection, segmenting, subsetting, and cleaning. Researchers appreciate pre-cleaned data because it means they get to dive straight into the analysis and can skip the distraction of prep work.
Real
Browser plugins DoNotTrackMe (formerly DoNotTrack+) and Ghostery inhibit tracking. Both plugins are free, though there is certainly room for a paid service around this theme. Furthermore, Abine, maker of DoNotTrackMe, offers a paid service that promises to remove your information from data-collection sites.
First, there’s the black-and-white issue of permissions. Before you collect the data for your Collect/Supply business, make sure that you’re permitted to resell it.
Data that is “free to see” may not be “free to use.”
