sharky93

I guess saying 'oil' is being a bit too specific. It is more like the 'energy' that drives the modern economy? and that is sold and you find new avenues everyday of collecting(producing) it. But yeah, it digresses a bit too much from this post I guess.

I feel 'data' or rather big data is the new oil. There are big monopolies which control a lot of it and are trying to make sense out of it, the likes of Amazon, Google, Palantir et. al. and similarly there are companies like ExxonMobil in the energy sphere. We could in fact extend this analogy to smaller players in the renewable energy zone which are trying to make better qualitative use of their resources and similarly you will find small startups trying to make qualitative sense out of whatever lesser data they have but with niche applications.