A possible explanation for the sudden change in mindset:
Until recently, data was considered "the new oil." Those who sit on vast amounts of it were considered rich.
Now, after the Equifax hack, the FaceBook/Cambridge Analytica scandal, and other revelations (such as Grindr freely sharing highly personal data), it seems that data is increasingly being viewed as "the new uranium."
Data, it seems, is becoming radioactive and must be carefully controlled and safeguarded to prevent leaks. Those who sit on vast amounts of it must now handle it with care to avoid societal, political, regulatory, and legal backlash.
The stock market seems to be reflecting data's transition from asset to liability.
Until recently, data was considered "the new oil." Those who sit on vast amounts of it were considered rich.
Now, after the Equifax hack, the FaceBook/Cambridge Analytica scandal, and other revelations (such as Grindr freely sharing highly personal data), it seems that data is increasingly being viewed as "the new uranium."
Data, it seems, is becoming radioactive and must be carefully controlled and safeguarded to prevent leaks. Those who sit on vast amounts of it must now handle it with care to avoid societal, political, regulatory, and legal backlash.
The stock market seems to be reflecting data's transition from asset to liability.