Why Data Is Called the New Oil — And What That Really Means?

AI Representation “Oil powered the 20th century. Data powers the 21st.” It’s a phrase you’ve probably heard tossed around in tech circles, boardrooms, and blog headlines. But what does it actually mean? Is data really the new oil — or is it something even more powerful? 🧬 What Is Data, Really? At its core, data is information — facts, figures, signals, or observations that can be recorded, stored, and analyzed. It originates from every interaction we have with digital systems: browsing websites, using apps, sending messages, wearing smart devices, or even walking past a sensor. Data can be: Structured (like spreadsheets or databases) Unstructured (like emails, images, or social media posts) Generated by humans (typing, clicking, speaking) Generated by machines (sensors, satellites, algorithms ) In today’s digital world, data is constantly being created — and when refined, it becomes insight, prediction, and power. 🔍 What Does “Data Is the New Oil” Mean? When people say “d...