Data is the New Oil: Five Reasons That’s Not Necessarily A Good Thing

If the dot.com era has taught us anything, it’s that you can go a long, long way by serving up well-honed clichés with great conviction. Give away the razor and sell the blade. It’s like Moore’s Law for breakfast cereals.  Green is the new black. And the old favorite, data is the new oil. 

The data line, of course, underscores something that’s actually true. Data is valuable. Sifting through millions of data points has made Google a household word and changed everything from how movies get made to elections. We’re also on the verge of another technological era where people will be able to more easily capture and understand data motors, structural building supports and other inanimate objects to be able to reduce emissions and energy consumption, save lives and save time.

But there is also an ugly underside to the analogy, particularly in IoT..

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