BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Abstract “The world’s most valuable resource is no longer oil, but data, ” according to the Economist, and the new data economy requires a rethinking of privacy and antitrust laws.

Detailed explanation-2: -The Economist – The world’s most valuable resource is no longer oil, but data. A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil.

Detailed explanation-3: -Many industry experts and popular business publications, such as The Economist, have asserted that data-not oil-has, in the past decade, become the world’s most valuable resource. Industry experts have thus coined the phrase “data economy” to denote the influence and financial prominence of big data in today’s society.

Detailed explanation-4: -The Most Valuable Data in the World! First-party data, in layman’s terms, is information that a business collects on its own through its own channels, such as website visits, app usage, call center interactions, sales transactions, and customer surveys.

Detailed explanation-5: -Today, in the internet-focused world we live in, data is widely considered to be among the world’s most valuable resources because of how much potential revenue and business value it can provide. Moreover, it’s available for sale and purchase.