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KPCB

It's no surprise that the amount of internet data being created is skyrocketing, but what's important to focus on is how much of that data is"structured," meaning it's highly organized and can be easily classified or picked up by a search algorithm. According to Mary Meeker's annual tech trends report, roughly 10% of data is now structured. That's expected to reach 16% by 2020, even as the amount of data nearly quadruples.

What's the difference? Email is widely considered unstructured data, while anything that is tagged or can be easily scanned through machine-learning, like a spreadsheet, is typically considered structured data.

Why it matters: Structured data helps new internet-based companies grow -- including ones that provide goods and services in niche areas, like healthcare, connected homes, driverless cars, etc. It also helps older companies better leverage existing data. As data structuring becomes more sophisticated through advances in machine learning and artificial intelligence, it creates more opportunities for data-driven companies to make a bigger economic impact.

Go deeper

Why companies aren't paying more

Illustration: Aïda Amer/Axios

If companies raised pay high enough, then maybe they wouldn’t complain about labor shortages that have forced them to forgo sales. But there seems to be a limit to how much a company is willing to pay, despite what seems like a clear opportunity to maximize the top line.

Why it matters: Companies have been scrambling to staff up amid a rapid economic recovery. Employers across industries have been raising wages in their efforts to be competitive.

Business travel might be going out of style

Illustration: Annelise Capossela/Axios

Companies have made it a year and a half mostly without traveling for work — and now more and more of them are considering dramatically reducing business travel to slash costs and cut carbon emissions.

Why it matters: Business travel is a massive part of the global economy — with trillions of dollars and millions of jobs at airlines, hotels and travel agencies hinging on its return.

Local Florida leaders eye ways to take on DeSantis' anti-mask stance

Photo: Joe Raedle/Getty Images

With Florida at the forefront of the nation's COVID surge, local governments across Tampa Bay are wondering if — or how — they can subvert Gov. Ron DeSantis' administration to do something to slow the spread.

Why it matters: A day after Florida broke its record for daily cases, it did the same for the total number of COVID hospitalizations — set way back in July 2020, per the AP.