Handling a Precious Resource: The Importance of Good Data Management
At the 2009 Technology conference in Lake Tahoe, CA, former Google CEO Eric Schmidt famously said that every two days the world creates as much information as we did from the dawn of civilization up until 2003! During his speech at the Google Cloud Next 2017 conference, Schmidt emphasized that data is a precious resource. Using the computing power available today combined with the ability to collect data that had previously been unobtainable has made data more important than almost any other commodity on Earth. Schmidt explained, "He who has the data can do the analytics and the algorithms ... the scale that we talked about will provide huge nation-state benefits, in terms of global companies and benefits for their citizens.” Learn more about Oracle Cloud Services . The ability to collect, analyze and use data is rapidly becoming a differentiator in the marketplace. Tech giants like Yahoo, Google, Facebook and many others derive their value by using data to attract audien...