Data is not the new oil

About the reality of working with data

Samuel Flender
Towards Data Science
5 min readFeb 10, 2019

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If you work in data science or a related field, you probably have heard this quote before:

“Data is the new oil.”

The quote goes back to 2006, and is credited to Mathematician Clive Humby, but has recently picked up more steam after the Economist published a 2017 report titled “The world’s most valuable resource is no longer oil, but data”.

Photo credit: Zbynek Burival, Unsplash

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