The economist's economists at The Economist have apparently found a replacement for oil – Big Data!

Now it's data that makes the world go round?

It's comfortably accepted by many that what we in the first-world countries currently live in is a post-industrial era, an era in which a transition has been made from manufacturing-based economies to service sector-based economies. But to put truth to the lie, "post-industrialism" is polite speak for "a gutted manufacturing sector whose jobs were offshored to countries where wages were lower, enacted so that deep pockets could be deepened and so that those whose employment existed in higher echelons than the offshored could gain access to cheaper products." *

But if you giddily follow along with the rags and raggees extolling the idea of "post-industrialism" then you couldn't be blamed for then thinking that what we've now entered is no less than the post-energy era. Because according to the article "The World's Most Valuable Resource is No Longer Oil, But Data" via none other than The Economist, "data [is] the oil of the digital era". And not just any data, but Big Data.

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