I read a great article this week that describes data as the new oil, and the land grab is just beginning. With all the companies that can benefit from your customers' data, this is an apt description. Control over data is something that should factor into every contract and design at this point.
This was an obvious concern for personal and medical data, from steps to heart beats, but did you realize there is a market for jet engine data? That information can also be gathered by a variety of players, from the manufacturer of the equipment to the maintenance provider to the company that made the original purchase.
The most interesting part of this article is ownership of the API used to gather that information. This new API economy means those who can get at the data will want a cut, an oil transport tariff or retrieval fee. A software company charging an annual fee for access, or a vendor shutting down an API over a contract dispute. Over a short amount of time, the data can be worth more than the engine.
Reliance Nitro is designed to preserve that valuable data when the power is interrupted, and give the developer control over just how much data is at risk. No matter who ends up with it, the one thing we all agree on is that it’s valuable. Don’t let your future profits seep into the ground just because the current was lost.