As I argued in a “Data is not the new oil or the infrastructure of the digital economy,” data is not a finite exhaustible resource like oil and it is not an information infrastructure. It is a valuable input that allows companies to improve their products and services to make our lives richer and more productive.
But in some cases, data could act as a barrier to entry. As the Economist puts it, “Vast pools of data can…act as protective moats.” Some competition policy authorities have suggested that “….the collection of data may result in entry barriers when new entrants are unable either to collect the data or to buy access to the same kind of data, in terms of volume and/or variety, as established companies.”
Read More from This Article: IDG Contributor Network: Big data is not a barrier to entry
Source: IT Strategy