Why data is the new oil in the digital era

Data has become one of the world’s most valuable resources thanks to the rapid digital transformation of global industries, also known as the Fourth Industrial Revolution. “Data is certainly the new oil,” says Grant Bowers, vice president and portfolio manager at Franklin Equity Group. “Oil has historically given tremendous economic power to countries and companies that produce it, and data is going to result in similar economic power in the digital age.” Companies that are able…