When someone says “modern-day oil”, you think of an energy source like solar energy, green hydrogen, gas, or electricity.
All of these industries are important, and in my opinion, they are a great investment opportunity, but what I’m trying to say is that modern-day oil is data.
The information technology industry includes all internet service providers and companies that manufacture phones, communication devices, and more.
There are entire industries based on information. Social networks seem free but offer you entertainment services and connectivity in exchange for your data.
This is not a negative aspect. You gain connectivity to friends and family and in exchange, the company records data about your movements, interests, what products you are looking at, and what keywords you use.
All of this is called data.
Data processing produces information for businesses to use like, for example, fifty thousand people in the Dokki area love sushi. This is just a simple example of what type of information data produces. This information is enough to make an investor in the restaurant business earn millions.
Many industries, using this information, can record high profits.
Of course, it is more complex than this example, and data and information are not sold in this way, but are used in advertisements meaning that if you want to advertise on a social network or website, then according to the advertising budget, the site will use data to push your ad to more interested people.
All I wanted to say is that the industries that depend on data collection and processing have developed significantly and will continue to grow for a very large period, making it a good investment opportunity.
This was not written by Thndr and this is not investment advice, you should do your own research before making investment decisions.