- The world produces 2.5 quintillion bytes of data daily, but that figure should grow at an accelerating rate as more people and devices are connected to the internet. As data collection continues to surge and new techniques to monetize data arise, it will become an increasingly valuable asset.
- Therefore, investors should consider analytical frameworks to better evaluate companies' data in order better understand their intrinsic value and potential for growth.
- The top five companies in the S&P 500 index - Apple, Alphabet, Microsoft, Amazon, and Facebook - are all data-rich tech firms and together represent approximately 26% of the index, implying that data is indeed very valuable.
For further details see:
The Value Of Data In A Digital World