http://www.photoeverywhere.co.uk/west/usa/california/sunset_oil_rigDSC_4701.jpg “ Data is the new Oil” – Clive Humby
http://media-2.web.britannica.com/eb-media/24/95624-050-16B125AC.jpg Data is like Crude oil…. … valuable but needs to be refined. But value exponentially higher than even our current appreciation of its usage Must be broken down into specific, useful parts One data set can be adapted to be used across several different products
Data Symbols that exist and have no significance beyond existence Information Data that is processed to be useful Knowledge Application of data and information Wisdom Evaluating and contextualising of Knowledge Action & £££ What is data? The building block for wisdom!
Basic data on people becoming less valued, fully understanding people is key…
http://www.google.co.uk/imgres?imgurl=http://airportshotelsandparking.files.wordpress.com/2008/07/greenland-iceberg.jpg … we are only starting to scratch the surface http://www.lydiabradey.com/contenteditor_files/IMG_1252%20-%20Copy%20-%20Copy(2).JPG
Broadbean Job Search Index UK Unemployment … this can help create valuable knowledge
Businesses are starting to understand the value of data and encourage users to create more data
Global Information Created and Available Storage Exabytes Source: IDC http://www.linpac.com/Global/Press%20releases/Fast-build,-boltless-META-shelving-from-LINPAC-Storage-Systems-x1500.jpg Data created Available storage Storing all this data is getting harder, because data is getting bigger and bigger…