Data is the new oil… or is it?

“Data is the new oil” has become a popular declaration in headlines circulating around Silicon Valley, but in this episode, we question the veracity of the phrase. The argument for equating data to oil is that data will be the resource that will shape the 21st century in the way that oil shaped the previous century. While data, like oil, needs to be refined in order to be useful, it’s not necessarily true that the more data you have, the more of a competitive advantage you have. Or… is it?