Home > Google: Data Is Like Sunlight

Google: Data Is Like Sunlight


Google's chief financial officer Ruth Porat said data is more like sunlight than oil. It's an upbeat twist on the phrase 'data is the new oil', which implies information is finite. Her comments at the World Economic Forum come a day after Google was hit with a $57 million fine by French authorities over its data collection practices. Most people know the phrase "data is the new oil," a theory about how the world's most valuable resource is information rather than petroleum. Read more: France fines Google $57 million for breaking Europe's strict new privacy rules Porat isn't the first to try and reframe the economics of data.

Added on the 22/01/2019 12:43:59 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Google focuses on data protection at annual developer conference

    Google holds its annual developer conference where executives dive deep into ways the American tech giant is improving its software, particularly with privacy in mind.

    08/05/2019 - AFP EN
  • UK Could Charge Facebook And Google Large Fines

    Business Insider recently wrote, "The British government is going to hit social media firms with fines potentially worth billions of dollars if they fail to rid their platforms of harmful content." UK's digital minister Margot James, told the press, "There will be a powerful sanction regime and it's inconceivable that it won't include financial penalties. And they will have to be of a size to act as a deterrent. If you look at the ICO's fining powers, that might be a useful guide to what we're thinking about..."

    28/02/2019 - Wochit
  • Google-backed Company Egnyte Partners With Microsoft

    According to Business Insider, on Thursday Egnyte, a cloud storage rival to Box and Dropbox, announced a multi-million dollar, multi-year deal with Microsoft. Under the terms of the deal, Egnyte will move many of its services to the Azure cloud, and the two will form joint strategies. Before, Egnyte was centered on Google Cloud, but it switched its focus to Microsoft Azure two years ago, citing Microsoft's own focus on enterprise customers.

    21/02/2019 - Wochit
  • Google Fined $57 Million By French Regulator

    According to Gizmodo, a French regulator fined Google for $57 million. The fine is the single largest since the European Union instituted the General Data Protection Regulation. A French regulatory found that Google violated the EU law by displaying personalized ads to users without proper consent. The regulatory also said Google did not sufficiently inform users how their personal data would be used by their search engine. The fine followed complaints filed by two advocacy groups last May, when the GDRP was initially enforced.

    22/01/2019 - Wochit

More videosBusiness

Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -

Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24