This makes Wikidata important to the internet...Edit
Machine-readability allows digital assistants (Siri, Alexa, Google) and bots to add and pull information from Wikidata and present it to their users. Human-readability allows people to do this as well.
This can make data from libraries, cultural institutions, and civic organizations more accessible.
Since Wikidata uses a CC0 license, a lot of companies developing AI use Wikidata as part of their AI's knowledge base. Just as you can think of Wikipedia as an encyclopedia of encyclopedias, you can think of Wikidata as a database of databases. Other databases are linking their items to Wikidata items though identifiers (more on those in a few slides), allowing more than 700 other databases to help describe items. This creates a centralized location of information about the same concepts, things, or people.