Information can be only useful if they make sense. The market is so unpredictable that sometimes information also fails to show the right path. But, I must agree that people who can interpret these information and analyze properly always get the upper hand in the market.
The right information is the key because not all information is relevant. There is some TV news providing fake news that gives false information to people about cryptocurrency. So we need to be careful in storing information either it will use in a good or bad way.