Data Value Quotes

When a hacker gains access to any corporate data, the value of that data depends on which server, or sometimes a single person's computer, that the hacker gains access to.

Most of 'big data' is a fraud because it is really 'dumb data.'

Across our great nation, we've begun to see an acceleration of the power of data to deliver value.

Data can set you free.

All of the books in the world contain no more information than is broadcast as video in a single large American city in a single year. Not all bits have equal value.

Before Google, and long before Facebook, Bezos had realized that the greatest value of an online company lay in the consumer data it collected.

Data is a precious thing and will last longer than the systems themselves.

Data is the new oil? No: Data is the new soil.

Data is great, but strategy is better

Earlier generations of machines decreased the complexity of tasks. In contrast, information technologies can increase the intellectual content of work at all levels. Work comes to depend on an ability to understand, respond to, manage, and create value from information.

Think of your existing power as the exponent in an equation that determines the value of information. The more power you have, the more additional power you derive from the new data.

Not all bits have equal value.

Information is the hardest currency.

Data is the next Intel Inside.

The idea that information can be stored in a changing world without an overwhelming depreciation of its value is false. It is scarcely less false than the more plausible claim that after a war we may take our existing weapons, fill their barrels with information.

People are saying, 'Big Data is the new oil.'

Information wants to be free. Information also wants to be expensive.

The cloud is driven by statistics, and even in the worst individual cases of personal ignorance, dullness, idleness, or irrelevance, every person is constantly feeding data into the cloud these days. The value of such information could be treated as genuine, but it is not. Instead, the blindness of our standards of accounting to all that value is gradually breaking capitalism.

When you decide to like something, I mean, you may feel you're sort of innocently putting out your preferences, but actually you're delivering something of enormous value, which is indicating that, you know, you'd essentially like to be advertised to by this company.

Often, people think that individual data is the most valuable thing they can collect. But it's not useful to know what I am doing or where I am, unless you're particularly interested in me, which is weird. But it is very useful to know what a population of people are doing.

As late as 2007, Facebook was still trying to figure out what it wanted to be when it grew up. An advertising space seemed to be the obvious answer, but how that would tap into the massive value of the personal data uploaded to the company every day remained a puzzle.

There's a lot of health information available on your smart phone. There's financial information. There's your conversations, there's business secrets. There's an enormous long list of things that there's probably more information about you on here than exists in your home, right. Which makes it a lot more valuable to all the bad guys out there.

As a consultant at McKinsey, I learned the value of data and the ability to shape that information into an answer.

Digital technologies are setting down the new grooves of how people live, how we do business, how we do everything--and they're doing it according to the expectations of foolish utopian scenarios. We want free online experiences so badly that we are happy to not be paid for information that comes from us now or ever. That sensibility also implies that the more dominant information becomes in our economy, the less most of us will be worth.