But in the ‘Digital Data Revolution’, algorithms requiring massive amounts of data determine innovation, the nature of productivity growth, and military power. Also read | India will be a large data economy; will have data refinery: Ravi Shankar PrasadFirst, because of the nature and pervasiveness of digital data, military and civilian systems are symbiotic. Third, data streams are now at the centre of global trade and countries’ economic and national power. The global strategic balance will depend on new data standards. The U.S., far behind in mobile payments, is falling back on data alliances and sanctions to maintain its global position.

Source: The Hindu April 21, 2021 18:36 UTC