Page 21 - Reclaim YOUR DIGITAL GOLD (with DesignLayout Dec3) (Clickable) (Dexxi-FLIP-Audio)_Neat

Chapter One

DATA IS THE

NEW GOLD

n this chapter, we will go over the new gold rush that

is currently taking place. And, as with the well-known
Ihistorical gold rush,only those who plan aheadof time
and are early adopters of this new commodity will score
big. However,scoring big comes at the expenseof those
who generatethe gold. We’lllook at how we got here,the
rapid growth of this new commodity, and who stands to
benefit.

In today’s information-based economy, data can be
thought of as “digital gold.” From database to Big Data
(extremely large data sets), from data pools (large data
repository) to data lakes (structured and unstructured
data store), the data souces have exponentially evolved
to terabytes (a million million bytes) and petabytes (a
million gigabytes) of data. It is impossible for humans to
analyze this much data without advanced technological
and analytical tools such as AI.

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