Understanding the world · Economy & society

Why is data called the new oil?

Facebook can guess that you are about to get married or move house before you are aware of it yourself.

The most valuable resource of the digital age3 min read5 partsQuiz of 9 questions
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Prompt by JPxG, model by Boris Dayma, upscaler by Xintao Wang, Liangbin Xie et al. · Artificial intelligence prompt completion by dalle mini · Public domain · Wikimedia Commons
Part 1 of 5 · freeIntroduction

One phrase has stuck since the 2010s: data is “the oil of the 21st century.” The idea is simple. Once refined by algorithms, data becomes the engine of growth and of global power.

But oil is a resource that runs out, and data is not. It can be copied endlessly, and it grows more valuable each time it is matched against other information. Here is why it has redrawn the world economy.

The rest is in the Sophia app.The remaining parts, the open-book quiz and the full glossary. Free to start; Premium unlocks everything.
  1. 2Predicting our behavior before we do
  2. 3Why these giants are almost impossible to challenge
  3. 4Europe strikes back with the GDPR
  4. 5Data as a question of sovereignty
Open-book quiz9 questions whose answers are in the text.
Glossary12 terms explained in a tap.
30 languagesThe same course, from French to Japanese.