I’ve spent nearly my entire career working on Wall Street and I’ve realized one of the most commonly used refrains is totally wrong
Business Insider -

Junta Nakai has spent his career on Wall Street and in financial technology. 

In this op-ed, Nakai argues that the common refrain that "data is the new oil" is inaccurate. 

While data has potential to drive revenue growth and cut costs, most companies don't have the expertise to get real value from it, he says. 

"Data is the oil of the 21st century" is commonly quoted in corporate America today.

These eight words embody the excitement and promise that data has the power to redefine commerce as...

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