If we had to put democratization of data inline with the classroom definition of democracy, it would read- Data by the people, for the people, of the people. Makes a lot of sense, doesn’t it? It resonates with the generic feeling we have these days with respect to easy access to data for our daily tasks. Thanks to the internet revolution, and now the social media.
By the people- most of the public data on the web is a user group’s sentiments, analyses and other information.
Of the people- Although the “of” here does not literally mean that the data is owned, all such data on the internet either relates to the user group itself or its views on things.