Data is like crude oil ulbtgeh

Data is like crude oil

16.02.2021

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31 May 2011 The U.S. is also seeking new sources of crude as traditional on EIA data of 9.70 million barrels/day for 2009 net petroleum imports 2009). Big Data is like crude oil. Big Data is like crude oil, suggests Andreas Weigend in an interview with Business Week. He compares it to oil in the sense that big data itself is practically useless and needs to be refined before its true value can be extracted. Of course, data, like oil is a source of power. And those who control it (think of Amazon, Alibaba, Facebook or Google) are establishing themselves as masters of the universe, just as oil barons did 100 years ago. “Data is the new oil” is a popular quote nowadays, adopted from a recent article from The Economist that compares data’s worth to the value of global natural resources. While we all agree

EAI, Inc.'s coverage of crude oil is marked by in-depth information, analysis, and of products and services as parts of its crude product and consulting business that EAI, Inc.'s unique and leading edge bottom-up data bases, analytics and

16 Jan 2018 As Association of National Advertisers vice president Michael Palmer puts it, “ Data is just like crude. It's valuable, but if unrefined it cannot really 28 Aug 2019 They claim that data is the new crude oil and intelligence is the new gasoline, fueling business wins. Would you like to read more like this? Crude Oil Data Exchange (CODE) is an electronic business standard sanctioned by the American Petroleum Institute. CODE was initially implemented as the Data is also reconciled with other energy surveys such as the Monthly Oil and Other Liquid Petroleum

14 Sep 2019 Get the latest commodity trading prices for oil, gold, silver, copper and more on the U.S. commodities market and exchange Oil (Light Crude)

Data in the 21st Century is like Oil in the 18th Century: an immensely, untapped valuable asset. Like oil, for those who see Data’s fundamental value and learn to extract and use it there will be huge rewards. We’re in a digital economy where data is more valuable than ever. A century ago, the resource in question was oil. Now similar concerns are being raised by the giants that deal in data, the oil of the digital era. These titans—Alphabet (Google’s parent company), Amazon, Apple, Facebook and Microsoft—look unstoppable. They are the five most valuable listed firms in the world. Her response: “Data is the new oil.” Winblad talked about predictive analytics as the new hot spot for venture investing and discussed the growth of companies that can derive value from the Petroleum & Other Liquids. Find statistics on crude oil, gasoline, diesel, propane, jet fuel, ethanol, and other liquid fuels. Click on the blue bars below for information on petroleum prices, crude reserves and production, refining and processing, imports/exports, movements, stocks, and consumption/sales. Get the latest Crude Oil price (CL:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice

1 Apr 2015 "It's like the difference between crude and refined oil," says Dr. Rado Kotorov, Chief Innovation Officer at Information Builders. "Combining data

Like oil, raw data's value comes from its potential to be refined into an refine their own internal data, metaphorically transforming their “crude oil” into “jet fuel.”.

Get the latest Crude Oil price (CL:NMX) as well as the latest futures prices and other commodity market news at Nasdaq.

Get the latest Crude Oil price (CL:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice Data is just like crude. It’s valuable, but if unrefined it cannot really be used. If you are involved in business intelligence, business analytics or big data, you have undoubtedly heard how ‘Data is the new oil’. Heck, you may have even used it yourselves. After all, searching for ‘Data is the new oil’ returns over 550M hits on Google. But the transformation of “crude” data to meaningful information — and eventually actionable insights — can be complex and costly, hence most people prefer to remain with the crude oil. The transformation from “crude” data to meaningful information can be complex and costly. Crude oil - data, forecasts, historical chart - was last updated on March of 2020. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is expected to trade at 31.29 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Refining data drives value. Crude oil is valuable, but it becomes more valuable when it is transformed into gas, plastic, chemicals, etc. A barrel of crude oil costs $44.55, but a barrel of jet fuel, after refining, costs $59.22 – increasing its value by 33 percent. The idea that data equates to a crude resource such as oil has led us to invest heavily in data lakes (read: swamps) and blindly gather information. Because the thought goes, if we have the crude resource, creating an end-product is easy.