A commonplace of our times is that data is the new oil. An unfortunate thing for people to think for it’s entirely bass ackwards – data ain’t the new oil at all, it’s entirely the opposite in economic terms. And, of course, we’re being asked to think of this data as being that new oil in exactly those economic terms that they’re getting wrong.
Think through this for just a moment. With oil the people who own the raw stuff in the ground get all the money.…See More