data is not the new oil
description: a phrase challenging the idea that data is the most valuable resource, emphasizing differences such as renewability and the ethical implications of data collection.
7 results
Leadership by Algorithm: Who Leads and Who Follows in the AI Era?
by David de Cremer · 25 May 2020 · 241pp · 70,307 words
Guardian. Retrieved from: https://www.theguardian.com/world/2017/aug/23/silicon-valley-big-data-extraction-amazon-whole-foods-facebook 90 Thorp, J. (2012). ‘Big data is not the new oil.’ Harvard Business Review. November 30. Retrieved from: https://hbr.org/2012/11/data-humans-and-the-new-oil 91 Lapuschkin, S., Wäldchen, S., Binder, A
The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World
by Pedro Domingos · 21 Sep 2015 · 396pp · 117,149 words
the computer by human experts. Sure, learners can extract some things from data, but nothing you’d confuse with real knowledge. To knowledge engineers, big data is not the new oil; it’s the new snake oil. In the early days of AI, machine learning seemed like the obvious path to computers with humanlike intelligence; Turing
The Capitalist Manifesto
by Johan Norberg · 14 Jun 2023 · 295pp · 87,204 words
new sand One reason why lots of people think the big platforms are unbeatable is the misconception that data itself is what is valuable. However, data is not ‘the new oil’ but the new sand. Sand is not very valuable in itself. But if you refine it properly (to silicon), you can create the most powerful
Greater: Britain After the Storm
by Penny Mordaunt and Chris Lewis · 19 May 2021 · 516pp · 116,875 words
://www.economist.com/leaders/2017/05/06/the-worlds-most-valuable-resource-is-no-longer-oil-but-data 28 https://www.wired.com/story/no-data-is-not-the-new-oil/ 29 https://datareportal.com/reports/digital-2019-global-digital-overview 30 https://www.oecd.org/internet/ascendancy-digital-trade-new-world-order.htm 31 https
Money in the Metaverse: Digital Assets, Online Identities, Spatial Computing and Why Virtual Worlds Mean Real Business
by David G. W. Birch and Victoria Richardson · 28 Apr 2024 · 249pp · 74,201 words
understood), there must be trusted data networks (that is, data exchange mechanisms and contracts) provided under well-defined data sovereignty principles (Scerri et al. 2022). Data is not the new oil The idea that with these trusted networks in place data economies can grow in the Metaverse is central to the attraction of it as a
Rentier Capitalism: Who Owns the Economy, and Who Pays for It?
by Brett Christophers · 17 Nov 2020 · 614pp · 168,545 words
to Know as Fallout Widens’, New York Times, 19 March 2018. 21. Economist, ‘Data Is Giving Rise to a New Economy’. See also T. Hale, ‘Data Is Not the New Oil’, 8 May 2019, at ftalphaville.ft.com. 22. We Are Social, ‘Digital in 2018’, January 2018, pp. 126, 128 – pdf available at digitalreport.wearesocial.com
Four Battlegrounds
by Paul Scharre · 18 Jan 2023
period, spawning articles and op-eds in outlets such as Wired, Forbes, and the New York Times. (Not long after came a counter-wave of data-is-not-the-new-oil articles, including in many of the same outlets.) Data, of course, is not oil. But it can be a useful metaphor in certain ways. Not
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Martinez, “No, Data Is Not the New Oil,” Wired, February 26, 2019, https://www.wired.com/story/no-data-is-not-the-new-oil/; Bernard Marr, “Here’s Why Data Is Not the New Oil,” Forbes, March 5, 2018, https://www.forbes.com/sites/bernardmarr/2018/03/05/heres-why-data-is-not-the-new-oil/?sh=4b277fa13aa9; Samuel Flender, “Data Is Not the New Oil,” Towards Data Science, February 10, 2019, https://towardsdatascience.com/data-is-not-the-new-oil-bdb31f61bc2d; John Thuma, “Data Is Not the New Oil!” fisglobal.com
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, July 13, 2020, https://www.fisglobal.com/en/insights/what-we-think/2020/july/data-is-not-the-new-oil; Justin