Sufficient unto the day is the evil thereof

(Series) Toward a New Data-Based Economy

In Portfolio on July 27, 2018 at 6:44 pm

datacur (Custom)

In part one of this series, “Data is the new currency,” we talked about the shift in technology and business strategy from making things to knowing things.

In part two, “The smart city is the data economy made manifest,” we investigate how a company will have to alter what they do to thrive in this new environment.

As the economy continues to change and as data assumes an even more important place in it, businesses will need to structure themselves in such a way as to locate, collect, and refine data. Companies need to move from a belief that data is a cost – in electricity, space, employee hours, capital outlay, and latency – to an understanding that data is a strategic asset.

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