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Data Is Now The World's Most Valuable Resource

Data is now the world's most valuable resource according to The Economist, which reports on antitrust concerns about Alphabet (Google's parent company), Amazon, Apple, Facebook, and Microsoft, all of which have tons of data.  The report said Amazon captures half of all dollars spent online in the U.S., while Google and Facebook accounted for almost all the revenue growth in digital advertising in the U.S. last year. Along with all that profit, comes data. "Smartphones and the internet have made data abundant, ubiquitous and far more valuable. Whether you are going for a run, watching TV or even just sitting in traffic, virtually every activity creates a digital trace—more raw material for the data distilleries. As devices from watches to cars connect to the internet, the volume is increasing: some estimate that a self-driving car will generate 100 gigabytes per second. Meanwhile, artificial-intelligence (AI) techniques such as machine learning extract more value from data," according to The Economist.

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