By Jon Suarez-Davis, Chief strategy officer
When British mathematician Clive Humby declared in 2006 that “data is the new oil,” he meant that data, like oil, isn't useful in its raw state. It needs to be refined, processed and turned into something useful; its value lies in its potential.
Dec 12, 2022
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Sep 14, 2021 · The phrase “Data is the new oil” was coined by Clive Humby, a British mathematician in 2006. Since then, a lot of other people have used ...
Mar 2, 2022 · Generally credited to mathematician Clive Humby: Data is the new oil. Like oil, data is valuable, but if unrefined it cannot really be used. It ...
Michael Palmer expanded on Humby's quote by saying, like oil, data is “valuable, but if unrefined it cannot really be used.
Data is the new oil “Data is the new oil. It's valuable, but if unrefined it cannot really be used. It has to be changed into gas, plastic, chemicals, ...