The rise of data sharing and the 'intelligent edge'
Businesses should view data sharing, collaboration and innovation as new revenue drivers.
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THE notion of data being the "new oil" - a phrase said to have been coined by mathematician Clive Humby in 2006 - gained currency after The Economist published an oft-cited article on the topic in 2017. While describing data as the "new oil" could be a useful generalisation, it risks under-estimating the power of data as compared with oil.
Valuing data is not necessarily straightforward. Commercially, data is only valuable when it can be used to reduce cost or generate income. In non-profit sectors, the value of data comes through when it leads to public good.
SAME BUT DIFFERENT?
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