Quote of the day by Herbert A. Simon: 'A wealth of information creates a poverty of attention' — a thesis for the modern digital economy
Data was once described as the new oil by British mathematician Clive Humby – with Humby drawing parallels to argue that data was powering a new industrial revolution. While the supply of oil is finite and scarce, however, there has never been more data – and the volume of the information is surging year over year.
Hard to focus
More than 50 years ago, the American economist Herbert A. Simon described his projection for the future of information circulation in a famous essay.
Quote of the day
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Simon argued that data and information is a resource that's consumed by the finite and limited attention of people, and that the more...
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