This one statement screams out here and there, literally, every which where, these days. Oil, the driving force of the entire world, is now taking a backseat. It is the turn of data to take over. So, why is this happening? The answers are right there in front of us to peruse and to see. That “data is the new oil” is just a revamping of the old statement, “information is king”. Earlier on, information was regarded king. It was the maker and the breaker of the day. Everyone, everything, every new activity, et al, relied upon information. It could break a code. It could make a code, and so on. Thus, nowadays, data, which is much like information, is the new oil or the king of the past. Thus, in a way, we are merely revamping, refurbishing, reinventing, et al the old into the new.
This one statement is very mature, very wise
This one statement, that data is the new oil, is a very mature one. It helps us pontificate, ponder, and reflect on what is happening in the globe these days. It is one thing to label data as the new oil. It is another to ascertain why this is happening. For one, it is obvious that data or information, so to say, helps us realize the truth. The actual picture of what is happening in world economies, of how old the earth is, of when to expect the next big earthquake, of how many years left before the earth gets annihilated, et al, all lie in the facts and the figures. These are the proof, the sounding boards, and the movement that propels all action. These vital stats help us come to terms with reality and help us know what lies ahead in the future for the each one of us. Without data or information, the human race would be a lost cause. No one would know what has happened in the past, what is happening in the present mode, and what to expect in the times to come.
Denne historien er fra December 2019-utgaven av The Observer of Management Education.
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Denne historien er fra December 2019-utgaven av The Observer of Management Education.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Workload Management: Why Is It Essential In The 21st Century
The workload management is the procedure of distributing the work among the employees of the organization.
THE CHANGING ROLE OF THE FACULTY MEMBERS OF B-SCHOOLS
Teachers of the day of yore. Mentors of yesterday.
‘‘The goal is to inspire and empower students to be the best they can be''
- Dr. Sivakumar Alagumalai, Professor and Dean (Undergraduate – Global)
Work on your presentation skills
“Everything can sell if you have the ability to sell it” In the field of management you need to have good skills of presentation. PPT presentation is important for Advertisement, Management, and business etc.
Slow and steady job growth
Five reasons why manufacturing careers will flourish with the growth of innovation and globalisation
Setting an alternative route
Want to study an MBA but don’t want to spend thousands of dollars in tuition fees? there are several ways you can get a degree or take MBA courses at no cost.
Right approach!
A millennial employee is one who has a diverse set of opinions, is fascinated by new technologies and is collaborative by nature. the most distinctive feature of these new-age employees is their approach towards work, which is quite different from the generations before them.
For Heighten Performance
“A man who refuses to admit his mistakes can never be successful”
Leadership vs Management
Leadership and Managers are two widely discussed topics.
ELEVATING THE HUMAN EXPERIENCE IN WORK AND BUSINESS IS THE MOOD OF THE MOMENT
The human experience: and that too while conducting business activities.
