Why Data is the New Oil by Sumeet Santani

Oil has traditionally been considered one of the most valuable physical assets for the last few centuries. But this important commodity may have a new replacement: Data.

The arrival of the computer and subsequent evolution of internet has created a human reliance on technology. It has given birth to the importance of data. The top five giants of the tech world – Apple, Amazon, Facebook, Google, and Microsoft – know more about our daily interaction with gadgets than we ever will. These companies are collecting vast amounts of data from tens of millions of users every single day.

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