Mining the web for 'big data'
Mining so-called "big data" - huge masses of information on the web - is a challenge akin to looking for a needle in a gigantic haystack.
But some of computing science's brightest brains are on the case.
The Conference on Information and Knowledge Management (CIKM) brought many of them together in Glasgow this week.
They were looking at how to tackle some of the internet's big challenges.
They include perfecting search engines in order to help firms find out what customers really think of what they are selling.
Until now, market research has often involved asking people directly, in expensive focus-groups, or by using annoying tactics such as cold-calling and street surveys.
But their accuracy is open to question, with some critics doubting whether people are really prepared to say what they think.Mining the web
Developments in computer technology point to another intriguing way to glean this feedback - mining the web.
Every day, millions of comments are fired across the internet - on Twitter and on other forms of social media. People say exactly what they think. So can these comments be sifted through somehow, to glean a useful insight?
Conference participant Gene Golovchinsky, from FX Palo Alto Research Lab, said: "It's a very powerful means to communicate with your customers, to get your message out and also to respond and to understand what their perceptions are.
End Quote Ilya Segalovitch Yandex
We see how this evolution solves hard problems which were unsolvable some time ago”
"And you see this evolving in an organic way, where people are tweeting about their positive and their negative experiences in a way which is much more natural than sitting in a focus group where the answers are sort of expected."
Beyond market research, mining for big data could bring other spin-offs for business - like the fraught challenge of preparing bids and contract tenders.'Huge value'
David Hawking is the chief scientist for Funnelback, an industry leader in search technology which is looking at this very question.
He explained: "Organisations have to locate expertise: 'Who works on this? Who knows about this stuff?'
"The failure to find a single document could cost millions of pounds, so there's the opportunity to add huge value if the information tools work better."
The exponential rise in computer processing power certainly helps this process.
Ilya Segalovitch, the founder of Russia's biggest search engine, Yandex, believes the potential benefits of improving search engine technology are within our grasp.
He said: "We see how this evolution solves hard problems which were unsolvable some time ago.
"Fifteen years ago, the web search was not solved, right? Then machine translation was not solved, and I think now it's pretty much close to working. And voice recognition is getting better - you can actually use it daily."
Revolutions are usually built on ideas. The IT revolution is unlikely to be very different.
So the ideas mulled over at this conference may well have the power to re-shape the business environment, and a lot sooner than most of us realise.
You can hear more about web mining by listening to BBC Radio Scotland's Business Scotland programme at 10:05 on Sunday, and later by free download.