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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.” quote by Edward Luce
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““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.””

Edward Luce

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.

Key Takeaway

Balance data use with sustainable revenue.

Themes

economy big data consumer power

Mood

analytical critical

Type

economic technological

When to use this quote

  • business strategy
  • policy making
  • technology investment

Key Concepts

data economics resource management

Questions to Reflect On

  • How can firms protect future revenue?
  • What ethical limits apply to data exploitation?
A Different Perspective

Overreliance on data may erode long‑term profits.

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