Data Mining
“Data is the new oil” is a phrase that is being increasingly used at industry conferences to highlight the growing importance of data in our digital economy.
Some critics have compared internet giants such as Google and Facebook to companies like Esso and BP, with added criticism of their tax-dodging behaviour. There is often moral outrage about the amount of data held on consumers and the ways in which it is used, but it must be remembered that this is the result of us taking advantage of the numerous free services offered up to us in app stores.
This blog was first published in Banking Technology November 2018
