India, Jan. 12 -- For the new age tech industry and for AI companies, data is as good as 'oil'. Just as crude oil fuelled the development of automobiles, petroleum, chemicals and manufacturing around the world in the 20th century, quality data has become a crucial component for the growth of new age tech companies like Eternal, Swiggy, Paytm, and others in the new millennium.

And with AI well and truly at the centre of things today, it's an arms race for good data.

Needless to emphasise, today's tech companies collect vast amounts of user data through their platforms, to personalise the experience and push key business drivers to the end user. Data also governs how companies make business decisions. Any enterprise or startup's operation...