The value that can be extracted from a growing wealth of data across boundless sectors is only just beginning to be grasped. If you look at search engines or digital commerce platforms, an almost direct relationship exists between the amount of data users willingly give up and the value this has.
There is also the fact that those with the most data at their disposal will probably have the best artificial intelligence in the future, making them nigh on invincible. In finance, data of one sort or another has always held intrinsic value. People who trade in the zero-sum game of capital markets all need a Bloomberg terminal or Thomson Reuters data to have a look at all the traditional price information, earnings estimates and so on.
Author: Ian Allison