The web is now a firehouse of data. Smart people are finding interesting and potentially lucrative ways of dissecting and understanding this data.
As reported by the LA times, two scientists have been predicting how well movies will preform based on analyzing Twitter data. To date, they have been 97.3% accurate. Similarly, Twitstocks is looking to dissect and leverage financial information; and delaycast is looking at airport travel.
Tim Burners Lee, inventor of the world wide web, speaks to the trend and potential at TED: