final blog- Currency of the future


Currency is changing, it’s predicted that sometime in the near future businesses will be buying, selling, and trading data as the corporate asset continues to gain value. Companies that aren’t already participating in this data collecting will most likely fall short when it comes to competition in innovation. Without the access to data the company will become disconnected and possibly fail. AI systems also come into play here, seeing that some companies now are using AI to analyze the overwhelmingly large data sets that they are able to access. A business would need to use AI if they really want to be apart of this. According to semi-current research mentions the importance of data to a company such as if a company were to make their data 10% more accessible they could see a $65 million dollar increase. Data is being used as “fuel” to run businesses rather than an output. As of now data can be used to personalize retail, location censors, wearable technology to reduce injury, and even algorithms that are analyzed to help detect a disease earlier than ever. I read this article because I enjoyed our economics section this year, and this was a deeper dive into what is going on in the business world.  

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