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Data availability, accessibility and fitness are must for sustainable development

from Geospatial World

Everyone now talks of data as the "new oil". The comparison is interesting, but fallacious. It is interesting because like oil, data can be monetized and like oil, it is crude and becomes useful only when it is processed, and various products are generated from it. Further, oil and data can be withheld to exercise control. The comparison ends there. Oil is fungible and of one-time use. Data, on the other hand, can be used and reused and can serve multiple purposes at the same time. Given this, how is data monetized? more


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