The value of data lies in its potential for analysis from "summary" of Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger,Thomas Ramge
Data in the age of Big Data is often described as the new oil - a valuable resource that can fuel innovation and drive economic growth. However, the true value of data does not lie in its raw form, but rather in its potential for analysis. In its raw state, data is simply a collection of facts and figures, devoid of meaning or insight. It is only through the process of analysis that data can be transformed into actionable information that can drive decision-making and create value. Analysis is the key that unlocks the potential of data. By examining patterns, trends, and relationships within a dataset, analysts can extract valuable insights that can inform strategic decisions, optimize processes, and drive innovation. Without analys...
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