Google’s Eric Schmidt: Countries will fight over big data – Business Insider

If big data really is the “new oil,” does this mean that countries will fight over it?This is what Eric Schmidt, chairman of Google parent company Alphabet, suggested in a speech at the company’s Google Cloud Next conference on Wednesday.”I think big data is so powerful that nation stats will fight over how much data matters,” he told attendees.”He who has the data can do the analytics and the algorithms … the scale that we talked about will provide huge nation state benefits, in terms of global companies and benefits for their citizens, and so on.” (You can watch Schmidt’s full keynote speech below.)Like artificial intelligence (AI) and virtual reality (VR), big data is pretty hyped — but even so, this is still a bold prediction.

Source: Google’s Eric Schmidt: Countries will fight over big data – Business Insider

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