Data Driven Economy Quotes

Everybody jokes about that old story about the world only needing five computers, but when you think about it, that's where we're heading.

People are naming it the Third Wave, the Information Age, etc. but I would say those are basically technological descriptions, and this next shift is not about technology - although obviously it will be influenced and in some cases expressed by technologies.

The world is being re-shaped by the convergence of social, mobile, cloud, big data, community and other powerful forces. The combination of these technologies unlocks an incredible opportunity to connect everything together in a new way and is dramatically transforming the way we live and work.

Knowledge is the raw material of production and value in this age. It used to be that the main difference between people in our society was between those who have more and those who have less. Today, however, the difference is between those who know more and those who know less.

The economies of the future are information.

I mean, you can't have advertising be the only official business of the information economy if the information economy is going to take over.

Looking back, Google's success came from the fortuitous timing of being born at the cusp of the broadband age. But it also came about because of the new reality of the Internet: a lot of services were going to be algorithmic, and owning your own infrastructure would be a key advantage.

The digital economy is impacting us in a big way.

My own theory is that we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy.

What amplifies the transformational power ahead is the confluence of two major technological currents today: the universal access to mobile computing and the pervasive use of social networks.

Luckily for both the tech industry and Hollywood, there is only one thing that counts - use of the Internet is still growing exponentially, as consumers shift to digital everything from analog.

We will continue to work with agencies across the government to unleash the power of open data and to make government data more accessible and usable for entrepreneurs, companies, researchers, and citizens everywhere - innovators who can leverage these resources to benefit Americans in a rapidly growing array of exciting and powerful ways.