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Is data the new oil?

 

Have you heard that “Data is the new oil”? It sounds cool, but what does it mean? In the latest episode of our podcast, No BiaS, Melody, Nikhil, and Saurabh tease out the ideas behind the metaphor and then discuss why Bernard Marr, a reporter for Forbes, wrote “Data is not the new oil." They end up offering a different, and perhaps more fitting metaphor to describe what’s fueling the 4th industrial revolution: “AI is the new electricity.”