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For many applications, the rate of information production is much more vital than the quantity. Real-time or almost real-time information makes it possible for a firm to be much more dexterous than its rivals. For example, our associate Alex "Sandy" Pentland as well as his group at the MIT Media Laboratory used place data from cellphones to infer the number of people were in Macy's parking lots on Black Friday-- the start of the Xmas shopping season in the USA. This made it possible to estimate the merchant's sales on that particular critical day also prior to Macy's itself had recorded those sales. https://banana.by/user/patiusakew |
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