"Data is Oil" is the Biggest Misunderstanding of the Digital Economy
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"Data is Oil" is the Biggest Misunderstanding of the Digital Economy. / Han, Haiting.
In: NEW FINANCE, Vol. 11, 08.2020, p. 45-47.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - "Data is Oil" is the Biggest Misunderstanding of the Digital Economy
AU - Han, Haiting
PY - 2020/8
Y1 - 2020/8
N2 - Data has become a production factor similar to land, labor, and capital. Local governments have planned and built data centers one after another. However, if there is a lack of in-depth understanding of data elements and scientific planning of data centers, the idea of "Data is Oil" may become a nightmare of the digital economy, and the date of completion of the data center will be a time of backwardness. The article explored the relationship between data and wealth growth in the digital economy, and pointed out that data flow is the key to social wealth creation. Data privacy protection and value mining are closely related to application scenarios. Therefore, formulating scientific, sustainable and active data policies should be the primary task that local governments need to solve. Advanced data policies and property rights systems are the fundamental driving force for regional economic growth.
AB - Data has become a production factor similar to land, labor, and capital. Local governments have planned and built data centers one after another. However, if there is a lack of in-depth understanding of data elements and scientific planning of data centers, the idea of "Data is Oil" may become a nightmare of the digital economy, and the date of completion of the data center will be a time of backwardness. The article explored the relationship between data and wealth growth in the digital economy, and pointed out that data flow is the key to social wealth creation. Data privacy protection and value mining are closely related to application scenarios. Therefore, formulating scientific, sustainable and active data policies should be the primary task that local governments need to solve. Advanced data policies and property rights systems are the fundamental driving force for regional economic growth.
M3 - Tidsskriftartikel
VL - 11
SP - 45
EP - 47
JO - NEW FINANCE
JF - NEW FINANCE
SN - 1006-1770
ER -
ID: 250529184