“Data is just like crude. It’s valuable, but if unrefined it cannot really be used. It has to be changed into gas, plastic, chemicals, etc to create a valuable entity that drives profitable activity; so must data be broken down, analyzed for it to have value.”
“But data is virtually infinite. Its supply is super-abundant. In terms of basic supply, data is more like sunlight than oil: there is so much of it that our principal concern should be more what to do with it than where to find more…”
“You can give your data away now – and generate revenue and jobs, and even save money from the better information and decisions that will flow….
…In short, ladies and gentlemen, my message today is that data is gold. We have a huge goldmine in public administration. Let’s start mining it.”
“Most data is fool’s gold to power artificial intelligence…”
“Data is “a fertile, creative medium” for journalists, which we can “irrigate with networks and connectivity,”… …“Data is the new soil.””
“The outcome of our collective network behavior is causing us to become Big Data food: Algorithm Chow™ for AI, if you will…”
“Today, data is the new bacon. It sizzles; it’s crispy; it’s essential to the complete buffet of geographic information systems (GIS). There are no eggs without bacon. Likewise, you can’t run GIS or advanced location analytics without data.”
“What’s more, as the term “big data” has become more prevalent in recent years, businesses seem to feel that the more customer information they can feast on, the better – like a sugar rush.”
“We thought digital was the new oil, but discovered it is also the new asbestos… …monetary penalties are “small beer” but he hoped that the point learned is that it is not about the £500,000 fine from the ICO, but instead focus on €20m and up to 4% of global turnover as a penalty.”
“In this way, information more closely resembles atomic power than oil — an effectively unlimited resource that still contains immense destructive power and that’s even more explicitly connected to histories of violence. Viewing information as akin to atomic power might however force us to confront existential questions of time and contamination in ways that petroculture has mostly managed to avoid.”
Data is money
Follow the data. I wrote this more than a year ago when we first detailed Cambridge Analytica's relationship to AIQ – the company at the heart of Brexit. Data is money. The data trail is every bit as important as the money trail. Follow the datahttps://t.co/UXE059PATH
— Carole Cadwalladr (@carolecadwalla) July 21, 2018
