In tech circles, data becoming the world’s most valuable resource is a common refrain. Some even say it’s the new oil. And as with oil, the world’s economy is starting to pivot around the wealth and potential data promises.
In the context of the Internet of Things, however, data starts to paint a different picture — a much bigger picture. Whereas oil is a finite resource whose value is tied mostly to its scarcity, IoT has the potential to make data virtually unlimited.
Read the full article here.