Data is Air -Organizations Need To Breathe Better
Prasad Ghag
Global Head Media, Digital & Strategic Planning | WFA (World Federation of Advertisers)- Global Media Board Member (Independent) | WFA Sustainability Board member | Halo-Cross Media measurement board member.
It’s almost 20 years since mathematician Clive Humby coined the analogy ‘data is the new oil’. The original idea was that oil powered the last industrial revolution, and data seems set to drive the next one, however If you think data is the new oil, you’re thinking too crudely.
In today's interconnected, digital-first society, data has become the lifeblood of nearly every facet of human activity. It drives decision-making, powers innovation, and connects people across the globe. But just as air is essential for human survival, data has become indispensable for the functioning of the modern world. We live in an era where data is no longer a mere commodity (like oil) but a vital resource, shaping economies, industries, and lives in profound ways.
The metaphor of "data is air" reflects the idea that data is everywhere, invisible yet omnipresent, and essential for everything to function. Air, though we can’t see it, is crucial for sustaining life; similarly, data flows through the vast networks of the internet and technology, powering everything from the smartphone apps we use daily to the complex algorithms that help govern global economies.
Just as humans breathe in air without much thought, we consume and produce data constantly. From the moment we wake up, our devices and actions are generating data—whether it's the steps counted by a fitness tracker, the location tracked by our GPS, or the preferences we express while interacting with social media. This data is the 'air' of the digital world, facilitating communication, innovation, and growth.
Data and Innovation: The Breath of New Ideas
Innovation in technology, medicine, education, and almost every other field relies heavily on data. Artificial Intelligence (AI), machine learning, and big data analytics are all powered by vast amounts of information that are processed and analyzed to reveal new patterns, insights, and possibilities. Without data, AI wouldn't be able to improve its decision-making processes, nor would machine learning models be able to train themselves to predict outcomes.
The Air of the Future: Data as a Resource for Sustainability
In the same way that we have come to recognize the importance of clean air for our survival, there is a growing awareness about the sustainable use of data. As data grows exponentially, its management becomes more complex. Cloud computing, data storage, and data centers are crucial to supporting the digital economy, but they come with environmental costs, especially in terms of energy consumption.
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The Ethics of Data: Breathing in the Right Direction
However, as data becomes more central to our lives, concerns around privacy and security have risen. Just as polluted air can harm our health, the misuse of data can have detrimental effects on individuals and society. The growing concerns over surveillance, data breaches, and the misuse of personal information highlight the need for ethical data practices and stronger regulations.
Data as the Engine of the Digital Economy
The digital economy, often referred to as the "information economy," is built on data. Every digital transaction, online search, social media post, or click contributes to a vast flow of information that drives business and innovation.
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Just as there is Air Quality Index (AQI) a common definition to communicate about outdoor air quality and health. AQI includes six color-coded categories, each corresponding to a range of index values. The higher the AQI value, the greater the level of air pollution and the greater the health concern. ?A similar concept can be designed on Data Quality Index (DQI) to measure organization data quality & health level based on some of the pointers mentioned above on digital data, ethical practices, sustainability, ?
As we continue to produce and consume data at unprecedented rates, understanding its significance and treating it with the same care and responsibility as we do with natural resources will be key to ensuring a future where data serves to empower, connect, and innovate in ways that benefit all.
Global SVP Programmatic @ Assembly Global | Omnichannel Media Agency
2 个月Really like the DQI concept!
Global Media Lead, GCPL
2 个月Very interesting read Prasad and well captured
Senior Vice President, Global Investment at Omnicom Media Group
2 个月Great summary and super analogy Prasad! Love the concept of a quality index.
Interesting, Prasad. Data is air. I love that. What's amazing is that unlike the clear segregation of good and bad in AQI, DQI by itself is creating new benchmarks. So what's a good DQI today may not be a good DQI tomorrow.