“Data is the new oil, the new natural resource of our time” is something I have often said. Yet this is misleading. Having a lot of data sitting around is, in fact, worthless. The real value lies in being able to analyze large and diverse data sets and act on the results.
Just like air travel was once only for the elite, data analytics was once available only to the big multinationals. It was by no means perfect, with timescales of six to nine months just to build a viable data warehouse.
