Is Data the New Oil? Concept originated by Clive Humby, the British mathematician who established Tesco’s Clubcard loyalty program. Humby highlighted the fact that, although inherently valuable, data needs processing, just as oil needs refining before its true value can be unlocked. Why it is the new oil Valuable commodity Different uses among many applications Currently the big buzz of most large companies (Google, Facebook, Apple, etc.) Quantity is generally better in bot...