The democratization of data

Information technology has enabled the "democratization of data:" information that once was available to only a select few is now available to everyone. This is particularly true for small businesses.

Fifteen years ago, only the big retailers could afford intelligent cash registers that tracked inventory and produced detailed daily reports. Nowadays cash registers are just PCs with a different user interface, and the smallest mom and pop retailer can track sales and inventory on a daily basis.

A decade ago, only the big multinational corporations could afford systems to allow for international calling, videoconferencing, and document sharing. Now startups with a handful of people can use voice over IP, video, wikis and Google Docs to share information. These technological advances have led to the rise of "micro multinationals" which can leverage creativity and talent across the globe. Even tiny companies can now have a worldwide reach.

Official Google Blog: The democratization of data