The Problem: Information Flood

It’s a new world with new problems
The continuously growing information overload (information explosion) is one of the major problems of today’ s digital world.
Everybody has already experienced the feeling of being overwhelmed by the amount of information an online research can yield. Finding those website that actually host the relevant information can be very annoying and time-intensive work.
In fact, today’ s European or North American internet users lose an average of more than 40% of their online time handling this veritable information flood, and more than 7 out of 10 persons describes this experience as extremely unsatisfying.
From an economical point of view the information overload cost the U.S. economy a minimum of $900 billion in 2009 alone.

Some useful information:

IDC : Over 1.2 Zatabytes new digital information created in 2010 , in 2011 provably 1.8 zb [“A new Digital Universe" study from IDC sponsored by IT firm EMC Corporation]

BASEX : Information Overload costs the U.S. economy a minimum of $900 billion [http://www.basexblog.com/...]

Netcraft : More then 298 Millions sites in March 2011 [http://news.netcraft.com/...]

David Sifry (Founder/CEO of Technoraty): David Sifry (Founder/CEO of Technoraty): already in 2006 more then 35 Milions weekly updted blogs [http://www.sifry.com/...]

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