Data: Today's most valuable asset?

Data: Today's most valuable asset?

Inquirer | 2024-06-30 18:12

In the realm of modern business, few metaphors have captured the imagination quite like the comparison of data to gold. Just as gold fueled economic growth and prosperity in the past, data is seen as the fuel driving the digital economy today. But is data truly the new gold? And if so, how can businesses ensure they are leveraging their own data effectively to reap its full benefits? The allure of data: A modern gold rush In recent years, the phrase "data is the new gold" has become a rallying cry across industries. Just as prospectors once mined the earth for precious metals, businesses now comb through vast digital landscapes in search of valuable data. This data comes from myriad sources: customer interactions, operational processes, supply chains and beyond. Like gold, data has inherent value that, when extracted and refined, can drive innovation, enhance decision-making and unlock...

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