TeamCAD BIM eBook v2 ENG

Data Is The New Gold, Does
The Same Apply To Data In DT?
AUTHOR: Predrag Jovanović, BIM Consultant
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IN THIS ARTICLE I AM GOING
TO COVER THE TOPIC “DATA
IS THE NEW GOLD, DOES
THE SAME APPLY TO DATA
IN DIGITAL TWINS?”.
HAVE YOU HEARD THAT THE
DATA IS THE NEW GOLD OR
NEW BLACK GOLD?
If you take a good look at the
image above, you are going to
admit that these claims come
from very competent portals and
from very competent companies
and institutions. The claim that
data is new gold raises many
questions, as information and
data in themselves have no
material or market value, such as
gold or oil. Therefore, we must
keep in mind that when claiming
that data is "new gold", we do not
mean comparing the market
value of information and data on
the one hand and gold on the
other, but something completely
different.
Namely, during the development
of the human civilization, gold
imposed itself as the most
reliable form of preserving the
value of property and capital,
because, until the seventies of
the last century, gold was the
basis for the entire money supply
on the planet. Practically, every
banknote on the planet had a
base in the gold bars of central
banks around the world, and that
is what still gives gold great value
today and makes it a very reliable
form of preserving the capital
value.
But how to compare the value of
information and data with the
gold value? In which way to
compare them?
I think we can easily compare the
value of information or data and
068 TeamCAD BIM
JAN 2021