9/26/2017

Data Is Not the New Oil

They say data is the new oil.  Oil is black tar like substance, extracted from the ground, from ancient fossils.

Data is a bunch of zeros and ones combined to form objects in the form of strings, numbers, blobs, etc.

There's only so much oil in the Earth.  Data is an infinite resource.  That's a clear distinction.

Oil can be extracted from the ground, assuming you have the rights and machinery to do so, as well a way to offload your cargo to refinery and then market for sale

Data can be home grown, purchased or found on the web.

Only oil specialist can work with oil, from extraction to shipping to processing to your gas pump at the station.

Anyone who has access to a computer, knows Excel or SQL can work with data.

There are some very clear distinctions as to why Data is nothing like Oil.

What do they have in common.  Ability to make money~!

and there you have it~!

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