Economics Quote by Edward Luce
““The new economy requires consumers with spending power – just as the old one did. Yet much like the farmer who eats his seed corn, Big Data is gobbling up its source of future revenue.””
About This Quote
Source Article: Financial Times, “The New Economy and Big Data”, 2021
Modern economy depends on consumer spending; Big Data consumes future revenue sources like a farmer eating seed corn.
In simple terms: Data consumes future earnings.
Balance data use with sustainable revenue.
Themes
Mood
Type
When to use this quote
- business strategy
- policy making
- technology investment
Key Concepts
Questions to Reflect On
- How can firms protect future revenue?
- What ethical limits apply to data exploitation?
Overreliance on data may erode long‑term profits.