Technology is just a means to an end but sometimes those immersed in platforms, software apps, hardware infrastructure, the IoT etc forget this.
Data is naturally of great value- but the value needs to be extracted and used in the physical markets that deliver the goods and services consumers and businesses buy.
There is a strong argument that the winners will those organisations that control the industrial technology stack and supply chain to the customer.
For example will autonomous vehicles see Uber, auto manufacturers, vehicle financing enterprises, or merged entities the winners?
With the rise of information as a product, it’s worth asking “Are we witnessing a fundamental rearrangement of the global economy? Is data replacing physical goods and services as the premier engine of economic growth?” While some may disagree, I respond uncompromisingly in the negative. The value of the data economy must come in its potential to enhance conventional markets, even if it’s a long and windy road from A to Z. Any value claimed beyond this, I contend, is nothing more than hot air – a bubble pumped up on animal spirits and undisciplined speculation. Mark my words, the real engine of tomorrow’s global economy will be where Big Data and physical markets meet.