Is Data Worth More Than Gold?

What is the most expensive asset in the world?

Government bonds are the priciest assets in the world, with Japanese debt topping the overpriced league, according to a new report from Deutsche Bank..

What is the most valuable asset on earth?

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.

How Much Is America worth?

The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014.

Is data worth more than oil?

However, in today’s “data economy,” it can be argued that data, due to the insight and knowledge that can be extracted from it, is potentially more valuable. … Like oil, raw data’s value comes from its potential to be refined into an essential commodity.

What kind of data is most valuable?

Here are the nine things that determine how valuable your data is – or isn’t – ranked from lowest in value to highest.Static Data. … The source of your data. … Cleanliness. … Size. … Age. … Insights. … Actionable. … Timeliness.More items…

Is data the new gold?

For the 21st Century Enterprise, data is the most significant intangible asset, powering new technologies and an ecosystem of third-parties providing everything-as-a-service. But these approaches are only as strong as the underlying data feeding them.

Why is data so valuable?

In a study on data protection, 85 percent of 1,000 IT decision-makers surveyed said that data was as valuable as a means of payment for overcoming business challenges. 56 percent also said they used the analyzed information to determine demand.

Where can I sell my data?

How to Sell DataSell your data directly: The most straightforward method is to sell your data directly to another organization through a private interaction that either you or the other party sets up. … Join a private marketplace: You can also join a private data marketplace where companies exchange data.More items…•

How do data brokers collect your data?

Data brokers collect information from a range of online and offline sources. Examples of these sources include: … Government records (driver’s license and motor-vehicle records, census data, birth certificates, marriage licenses, voter-registration information, etc).

Is data the most valuable asset on earth?

The world’s most valuable resource is no longer oil, but data. In today’s digitally transformed and connected world, data is produced in vast streams daily, at a mind-boggling volume and pace. A global ‘rush’ is now on to tap data flows and extract value.

What data is important in business?

Data helps you understand and improve business processes so you can reduce wasted money and time. Every company feels the effects of waste. It depletes resources, squanders time, and ultimately impacts the bottom line. For example, bad advertising decisions can be one of the greatest wastes of resources in a company.

How much is a person’s data worth?

Estimates on what user data is worth vary widely. They include evaluations of less than a dollar for an average person’s data to a slightly more generous US$100 for a Facebook user. One user sold his data for $2,733 on Kickstarter.