"Data is the new oil" is such a concise phrase to provide context regarding the recent controversies of big tech.
If anything, I'd say data is more valuable than oil. For one it's "renewable", but also the insight that can be gathered from data gives it a level of reach that even surpasses oil (which is very versatile in its own right).
Data breeches are the new oil spills, the destabilizing by-product of burning fossil fuels has a lot of similarity to how the largest data brokers can disrupt entire industries, political systems, and neighborhoods.
Data is a target for geo-political actors, whether it be slipping spyware into network infrastructure or tracking your own citizens.
When we look back 100 years from now, I won't be surprised if the events that occurred during the mass commercialization of oil (anti-trust, regulation, military action, productivity gains, facilitation of developing economies) also occur due to data.
If anything, I'd say data is more valuable than oil. For one it's "renewable", but also the insight that can be gathered from data gives it a level of reach that even surpasses oil (which is very versatile in its own right).
Data breeches are the new oil spills, the destabilizing by-product of burning fossil fuels has a lot of similarity to how the largest data brokers can disrupt entire industries, political systems, and neighborhoods.
Data is a target for geo-political actors, whether it be slipping spyware into network infrastructure or tracking your own citizens.
When we look back 100 years from now, I won't be surprised if the events that occurred during the mass commercialization of oil (anti-trust, regulation, military action, productivity gains, facilitation of developing economies) also occur due to data.