With the digital phenomenon restructuring most social sectors, it is little surprise that global trade negotiations are now eyeing the digital area in an attempt to pre-emptively colonise it. Big Data is freely collected or mined from developing countries, and converted into digital intelligence in developed countries. This intelligence begins to control different sectors and extract monopoly rents. A large foreign company providing cab service, for instance, is not a work of cars and drivers, it is digital intelligence about commuting, public transport, roads, traffic, city events, presonal behavioural characteristics of commuters and driver and so on. Which of the following is most definitively implied by the above passage?
7 Big Data is the key resource in the digital space.
Big economies create Big Data.
Access to Big Data is the prerogative of developed countries.
Access to and possession of Big Data is a characteristic of developed countries.
Answer is (a). The central idea revolves around the notion that data ownership is becoming increasingly vital for trade and business advantages. Option (b) merely states a fact without addressing the broader context. Option (c) is incorrect as developed countries typically do not assert such rights. Option (d) is partially correct but lacks completeness in capturing the essence of the passage.
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