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Itek Systems provides Managed IT Services, Cyber Security, Helpdesk Services, Cloud Solutions, Cloud Phone Systems and IT Consulting to small and medium-sized businesses.

Is Data a Commodity? Maybe Not, but It Is an Asset

data-commodity

The late American author Kurt Vonnegut once wrote, “New knowledge is the most valuable commodity on earth. The more truth we have to work with, the richer we become.” Written in the 20th century, it has been put in practice by 21st century businesses. As the Internet has grown, the amount of companies expanded, and the amount of data that those companies collect has grown exponentially, especially now that there is a market for such data.

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