Not Only Your Hands But Your Data Needs Sanitization As Well

Last year, McKinsey conducted a survey that showed that the pace of data consumption per user in India grew twice as fast as in the US and China, the rate of increase was 152% on an annual basis.

- Wilson Bright

And with the advent of the global pandemic, India has received the final push that was needed to fully embrace the digital world. Today, most businesses, schools, NGOs, and every other form of institution rely on using the internet to survive and function. With data being the forefront of our entry into the digital world-we now leverage some major benefits like cost, efficiency, speed, and a lesser carbon footprint.

We’ve often heard the term ‘Data is the new oil’, the genesis of this statement goes back in time, when mineral oil was the most profitable commodity and almost every nation wanted it. Today, data has replaced oil to become one of the most valuable commodities of the 21st-century.

There are a lot of similarities that we conclude between oil and data as commodities. For example: when it comes to their usability both oil and data in its raw forms are really not commodities of any value. With oil there requires several stages of stringent filtered processes to segregate it and use its different iterations like petroleum, gasoline, etc.

Similarly, with data, there is a lot of information that is at our disposal for observation but what makes it valuable is its analysis and conversion. Through conversions and analysis, data can be converted into usable points of reference in different fields like healthcare, finance, human, and basically wherever else there is human interaction. Today some of the top valuable companies like Amazon, Microsoft, and Google have their business models structured around the amalgamation of data.

Increasing digital consumers & their data consumption