Is data the new oil – and is it time to break-up the new monopolies?

“The world’s most valuable resource is no longer oil, but data,” according to an article in The Economist. And today’s titans are the big five: Google, Facebook, Amazon, Apple, and Microsoft. “Their profits are surging: they collectively racked up over $25bn in net profit in the first quarter of 2017,” the article reads. “Amazon captures half of all dollars spent online in America. Google and Facebook accounted for almost all the revenue growth in digital advertising in America last year. Such dominance has prompted calls for the tech giants to be broken up, as Standard Oil was in the early 20th century.”

Read the full article here.

Link:

The world’s most valuable resource is no longer oil, but data (The Economist, May 6, 2017)