Fast, real-time, low latency, ultra-low latency, sub second – I could go on. The point is that there is so much emphasis on the speed of information these days. Just last week we participated in The Trading Show NYC (@TheTradingShow), which is a one day event for those in the quant and automated trading space. We met a variety of people from different vantage points in the industry, but they all remarked that speed is a factor in how they conduct business. They concluded that the faster the data comes in, the faster they could make decisions.
All You Can Eat (AYCE) is often a phrase that makes me think of Chinese food buffets or buffalo wing specials on game days. In other words, I think of food but the AYCE concept applies to many other areas as well. One of these happens to be something my company offers, a subscription based news service. For a single subscription price you can consume as much information as you want. We process over 300K business news stories every day. Who’s going to read 300K news stories? No one would but you could, right?
I’ll never forget the day the New York Times put up its pay wall. They had been talking about it for months – in the light of waning subscription numbers, because of waning advertising dollars, they said, we have no choice but to ask you to pay for the news you read on your computer. I used the NYT as one of my go-to sources for news, along with a paper copy of the Washington Post I picked up every day on my way to work.
In the content delivery business, we tend to think of content – not necessarily news – as existing in just a few states – important, relevant and irrelevant.