https://dgen.net/0/2017/05/10/data-is-not-the-new-oil-data-oil/ Designing our data infrastructure Sat, 11 Mar 2023 17:58:45 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://dgen.net/0/2017/05/10/data-is-not-the-new-oil-data-oil/#comment-145561 Fri, 21 Jul 2017 03:55:49 +0000 http://www.dgen.net/blog/?p=1421#comment-145561 […] based on the scarcity of data are generally going to fail. That is one of the many reasons why “data is oil” is an utterly utterly terrible analogy. The smart bike sharing companies will open up aggregate data about usage and the locations of […]

]]> https://dgen.net/0/2017/05/10/data-is-not-the-new-oil-data-oil/#comment-145270 Tue, 13 Jun 2017 15:59:47 +0000 http://www.dgen.net/blog/?p=1421#comment-145270 […] based on the scarcity of data are generally going to fail. That is one of the many reasons why “data is oil” is an utterly utterly terrible analogy. The smart bike sharing companies will open up aggregate data about usage and the locations of […]

]]> https://dgen.net/0/2017/05/10/data-is-not-the-new-oil-data-oil/#comment-145063 Sat, 13 May 2017 07:35:20 +0000 http://www.dgen.net/blog/?p=1421#comment-145063 In this context, oil isn’t intrinsically valuable either, until you do something to it. The difference is in how data as a material behaves: it doesn’t follow some of the basic rules of physics … we could have a conversation about entropy, but that might require more than a text box.

]]> https://dgen.net/0/2017/05/10/data-is-not-the-new-oil-data-oil/#comment-145048 Thu, 11 May 2017 16:49:05 +0000 http://www.dgen.net/blog/?p=1421#comment-145048 Data is the new oil is just a lazy analogy to say “data is very valuable” which in itself is inaccurate. The actions one takes on the insights gained from data are potentially valuable. It is more analogous to atoms or molecules. Building blocks. The main issue is that, currently, data is instantisted as a by product of a business process rather than a concious endevour with a particular end in mind.

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