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Is Data Really "the new oil"... The data asset IS different

  • Wednesday, May 17, 2023
  • 9:00 AM - 11:30 AM
  • See Remote Meeting Instructions Below


Registration is closed


How many times have we heard it said, “Data is an asset” and that “it's got to be managed professionally”, and “data is the new oil”? And from within the data community we often hear “nobody in the business understands us” !

However successful organizations have managed various critical types of assets for many years People, Money, Property and so on.

· So just what is so different about the “data” asset?

· Is it really so unlike from other types of assets?

· Does managing the data asset demand a different approach to other assets?

· Is data REALLY the new oil?

Furthermore, everybody has heard the saying “Data is the new Oil”, but how many times have we really questioned this? Having studied Chemical Engineering at University and worked for 40+ years in Data Management, much of this in the Oil Industry (Aramco, BP, ExxonMobil, Shell, Statoil, Total to name a few), I’ve come to the conclusion that Data is most definitely NOT the “new” Oil; it’s more important.

Sure, the catchy phrase may be trying to indicate that we have a Data economy vs an Oil economy, or maybe it’s that Data is the lubricant of modern business, or maybe that there are Data “mega firms” that control much of our lives like the Oil megafirms once did. However, while it is a whimsical catchphrase, the analogy is dangerous and risks spreading misunderstanding on all counts.

Biography - Chris Bradley - Photo and Bio to Come


9:00 Opening Remarks
9:15 - 10:15  Presentation

10:15 - 11:15 Business Meeting

11:15 - 11:30  Open Q&A


Remote Meeting

DAMA MN Meeting

Hosted by DAMA Minnesota


Wednesday, May 17, 2023 8:30 AM | 3 hours | (UTC-05:00) Central Time (US & Canada)

Meeting number: 2555 954 5678

Password: 1234 (1234 from phones and video systems)

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Dial 25559545678@webex.com

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+1-408-418-9388 United States Toll

Access code: 255 595 45678

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