Turns out data is the new oil after all - but who’s holding the drill? Thanks to the most exciting development in years, going by the least exciting acronym in years – DePIN, the answer is you. Come ChatGPT and its AI kin, and the elden prophecy suddenly begins to make sense. From walled-off APIs to the Musk-Microsoft spat and Stack Overflow’s release of Overflow AI, a lot of the things that make the buzz in the tech world come down to one theme: data, and all the intricacies around it. It carried the weight of the endless strategic meetings, overly-enthusiastic sales calls and pitches, millions pumped into “data transformation” - a concept as alluring as it was vague.Īnd yet, here we are: The Big Data market is blooming, expected to blow up to more than $624 billion by 2028. Just a few years ago, the mantra “data is the new oil” could give you a headache. It’s funny, and even a little bit annoying, how a stale tech cliche can make a comeback.
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