#TECHNOFLARE1: DATA IS THE NEW OIL OF THE WORLD
“Information is the oil of the 21st century, and analytics is the combustion engine.”
Data is what we gift to our world. It can also be your own personal form of gift. For example, each DNA carries digital information of about 1.5GB. 1.5 Gbytes x 100 trillion cells = 150 trillion Gbytes or 150×10¹² x 10⁹ bytes = 150 Zettabytes (10²¹)!!!. This is equivalent to 40 billion iPads of 32GB storage.
We are living in the world where we we ruled and governed by technology. In order to survive and say above the others ,one needs to change his habit.
If you don't change,you'll doom.
Everything requires data. Some of the next big thinfg in the world of technology ,say IOT(INTERNET OF THINGS),AI ML(ARTIFICIAL INTELLIGENCE & MACHINE LEARNING), BLOCKCHAIN , UI UX,GRAPHIC DESIGN ....
ALL requires set of data.
Deep Learning is a revolutionary field, but for it to work as intended, it requires data. The area related to these big datasets is known as Big Data, which stands for the abundance of digital data. Data is as important for Deep Learning algorithms as the architecture of the network itself, i.e., the software. Acquiring and cleaning the data is one of the most valuable aspects of the work. Without data, the neural networks cannot learn.
DATA COMPARED TO OIL:
1] Data is compared with oil. Its so because just the way oil is the backbone of the industrial world, DATA is the way to boost the IT world.
2]In the e historic time,the person with most quantity of oil used to be treated as the wealthiest ,no the guy with the most data is considered
as the wealthiest person.
3]Its crystal clear,and backed by the stats and facts that it is by far the software jobs which primarily deals with data are of the hiest paying jobs
Everyobe craves to work in MAFG's..(MICROSOFT,AMAZON,FLIPKART,GOOGLE,GOLDMANSACKS)
4]Oilis are apparently finite,but data is infinite.
Its always always always available
5]As a tangible product, Oil faces high friction, transportation and storage costs. As an intangible product, Data has much lower friction, transportation and storage costs.
6]LIKE OIL, DATA ALSO HAS TWIN EVILS OF SPILLAGE AND MILITANCY
Security and Survillance is one of the most problematic issue that the data needs to address with.
With the development of cybersecurity and blockchain, this is something which closely being worked.
7]LIKE OIL, DATA IS ONLY USEFUL AFTER REFINERY
Data can be used it directly or as it is available.
It has to trained with algorithm and then trained properly..
"HENCE DATA IS NEW OIL OF THE WORLD"
Data is what we gift to our world. It can also be your own personal form of gift. For example, each DNA carries digital information of about 1.5GB. 1.5 Gbytes x 100 trillion cells = 150 trillion Gbytes or 150×10¹² x 10⁹ bytes = 150 Zettabytes (10²¹)!!!. This is equivalent to 40 billion iPads of 32GB storage.
We are living in the world where we we ruled and governed by technology. In order to survive and say above the others ,one needs to change his habit.
If you don't change,you'll doom.
Everything requires data. Some of the next big thinfg in the world of technology ,say IOT(INTERNET OF THINGS),AI ML(ARTIFICIAL INTELLIGENCE & MACHINE LEARNING), BLOCKCHAIN , UI UX,GRAPHIC DESIGN ....
ALL requires set of data.
Deep Learning is a revolutionary field, but for it to work as intended, it requires data. The area related to these big datasets is known as Big Data, which stands for the abundance of digital data. Data is as important for Deep Learning algorithms as the architecture of the network itself, i.e., the software. Acquiring and cleaning the data is one of the most valuable aspects of the work. Without data, the neural networks cannot learn.
DATA COMPARED TO OIL:
1] Data is compared with oil. Its so because just the way oil is the backbone of the industrial world, DATA is the way to boost the IT world.
2]In the e historic time,the person with most quantity of oil used to be treated as the wealthiest ,no the guy with the most data is considered
as the wealthiest person.
3]Its crystal clear,and backed by the stats and facts that it is by far the software jobs which primarily deals with data are of the hiest paying jobs
Everyobe craves to work in MAFG's..(MICROSOFT,AMAZON,FLIPKART,GOOGLE,GOLDMANSACKS)
4]Oilis are apparently finite,but data is infinite.
Its always always always available
5]As a tangible product, Oil faces high friction, transportation and storage costs. As an intangible product, Data has much lower friction, transportation and storage costs.
6]LIKE OIL, DATA ALSO HAS TWIN EVILS OF SPILLAGE AND MILITANCY
Security and Survillance is one of the most problematic issue that the data needs to address with.
With the development of cybersecurity and blockchain, this is something which closely being worked.
7]LIKE OIL, DATA IS ONLY USEFUL AFTER REFINERY
Data can be used it directly or as it is available.
It has to trained with algorithm and then trained properly..
"HENCE DATA IS NEW OIL OF THE WORLD"
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