Is Data The Most Valuable Commodity?

Is data worth more than oil?

More Valuable than Oil, Data Reigns in Today’s Data Economy.

However, in today’s “data economy,” it can be argued that data, due to the insight and knowledge that can be extracted from it, is potentially more valuable.

Like oil, raw data’s value comes from its potential to be refined into an essential commodity..

Is data worth more than gold?

Data is more valuable than gold! Data is more valuable than gold! This is not an exaggeration, but the truth. … Data Analytics, is now a solid division in any MNC – just like HR, Finance, Sales and Marketing; but maybe more important than some of them.

What is the most valuable asset on earth?

The Economist – The world’s most valuable resource is no longer oil, but data. A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil.

What is a good commodity to invest in?

Should You Be Investing In Commodities?TYPE OF COMMODITYPERFORMANCE (2019)PERFORMANCE (2010)Gold18.3%29.5%Silver15.2%83.2%Wheat11%46.7%Corn3.4%51.7%10 more rows•May 21, 2020

Is personal data a commodity?

Personal data is not a commodity in the EU. Instead, personal data tends to have the import given to constitutional rights in the United States such as freedom of speech or the right to bear arms. Keeping these very different perspectives in mind is helpful when working across these borders.

What is the most valuable commodity on earth?

PetroleumPetroleum is the most valuable commodity in the history of the world. Annual production value at around $450 billion; to produce, refining, and distribution, it values at over a trillion dollars.

Why data is the new gold?

You’ve no doubt heard the cry many times already – “Data is the new gold!” And it’s true. … And so, like gold, it needs to be processed – in this case manipulated and analyzed – to extract business value. In this sense, it is in big insights rather than in big data itself where the real worth lies.

What is the most valuable data?

Your most valuable data is first about money and then the many things directly related to money. The value chain for data can be generalized into the degrees of separation between money and the data. The closer to the money that the data is, the higher its potential value.

How much is the Internet worth?

Study: The U.S. Internet Is Worth $966 Billion.

What is the number 1 traded commodity in the world?

1. Crude oil: Brent crude. Crude oil is one the world’s most in-demand commodities as it can be refined into products including petrol, diesel and lubricants, along with many petrochemicals that are used to make plastics.

What are the top 5 commodities in the world?

Here are the five most traded commodities in the world:Crude Oil. Crude oil or petroleum is the name for “unprocessed” oil, the material from the ground that is one of the most traded product in the world and on the top list. … Coffee. … Natural Gas. … Gold. … Brent Oil.