The Harvard Business Review recently put some teeth to the notion that businesses are increasingly being driven by data with a story that broke out the amount stored by various companies through 2012. Walmart, for example, collects more than 2.5 ”petabytes” of data every hour from its customer transactions. For some perspective on this, one petabyte is equivalent to 1 million gigabytes or about 20 million filing cabinets' worth of text.
This week's royal baby birth is a great case study for the current media cycle. The news broke with a tweet from a lucky photographer; a global media frenzy ensued with all of the network morning shows quickly sending correspondents to the sidewalk in front of a London hospital. An official birth announcement was made at 8:31 PM – in the heart of TV prime time and at deadline for the UK's newspapers – and, by nightfall, Niagara Falls and dozens of other famous world landmarks
Two weeks ago, the Securities and Exchange Commission lifted a ban on hedge-fund advertising and promotion that had been in place since the Securities Act of 1933. Twitter was quick to respond to the news with the hashtag #hedgefundslogans which produced some clever spoof taglines like: “Because you can only make so much money at Goldman Sachs!” And one of my favorites: “I don't always pay for underperformance, but when I do, I pay 2 and 20.”