“Big Data is the new oil. … The companies, governments and organizations that are able to mine this resource will have an enormous advantage over those that don’t. With speed, agility and innovation determining the winners and losers, Big Data allows us to move from a mindset of ‘measure twice, cut once’ to one of ‘place small bets fast.’” —”The Future of Big Data,” PewResearch Internet Project.
Big data is the new oil? I have been referencing this quote for a couple of years now. It’s useful and nicely captures the gold rush (to use another earth-trapped commodity metaphor) that is underway in the information technology world. However, it’s also fun to take these kind of aphorisms to their logical extension because that is where the real truth lies.
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