In fact, they used the word element to talk about anything that was basic. Ancient Greek philosophers, for example, thought that everything consisted of four elements: earth, fire, water, and air. Other philosophers thought there were only two elements: sulfur and mercury.
The Internet was expected to eliminate search costs (Pereira 2005). For example, electronic commerce was predicted to cause disintermediation as search costs become low enough for end-consumers to incur them directly instead of employing retailers to do this for them.
In 2013, 5 exabytes of content were created each day. All of that data comes with a cost. In 2013, content searches cost companies over $14,000 per worker and nearly 500 hours per worker.Google plays a big role in helping people find online content and data, and itâs growth was visualized in the Amazing Facts Google infographic from Promodo last year.ll of that data comes with a cost. In 2013, content searches cost companies over $14,000 per worker and nearly 500 hours per worker. Google plays a big role in helping people find online content and data, and itâs growth was visualized in the Amazing Facts Google infographic from Promodo last year.