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September 12, 2018

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Data as the new commodity

September 12, 2018

Each century has had its own revolutionary commodity which acts as a driver for evolution and implicitly for change. Simply by reviewing recent centuries, we can see that in the 19thand the 20th centuries, we encounter the gold rush, the iron and steel industry emergence and the discovery of oil among other earthquakes.

 

Each of these revolutionised the behaviour of specific industries. At least after this first part of the current century, it is probably true to say that data is “the commodity” driving major change today. Is data impacting a set of industries, in the same way the other revolutions did?

The interesting fact is that in the case of the “data revolution”, there are multiple ground-breaking torrents of change, replicating in one go what the gold rush, iron, steel or oil were to the last couple of centuries. The new and fresh rivers of data have forced drastic change across all industries, in one way or another.

 

At Redslim, during the last 18 months we have observed a drastic increase of awareness from global clients around the immense possibilities that this new information brings to the table. 

More than ever before clients are conscious and determined to maximise capabilities around all data assets available be they internal or external, and at Redslimwe of course are happy to join and support them towards this journey. The objective is clear, to identify opportunities for continuous growth.

 

Only those who are ready to take this new journey from a collaborative and joint outlook will be able to achieve objectives or even survive. This should apply to known industries using data such as Finance, Pharma, Consumer Goods and Telecomm but also to new comers such as Public Sector, Health, Education and Energy.

 

So, it is therefore probably true to say that the “data revolution” is resonating to unprecedented levels, impacting every perspective, every angle, and that’s where it gains even more importance than the antecedents: every country, every industry, every business and even politics are nowadays being ruled by data,the new commodity. 

 

How is data shaping your industry?

 

 

 

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