"The significance of the Turing Award lies in the $250,000 prize money?"
"That's an insult to the Turing Award!"
The foreign journalist who asked the question gritted her teeth in anger. She had no personal stake in the Turing Award; she just wanted to cover a news story, but the respondent's opinion was hard to accept.
For those less influential awards, the prize money is indeed the most significant aspect.
For example, the Shaw Prize.
The Shaw Prize has only been awarded three times and has little to no global influence, but it is very attractive because the winner receives a million-dollar cash prize.
Prize money is a kind of development strategy.
When many heavyweights receive the award, the award is widely reported in the media and endorsed by many, naturally developing influence.
On the other hand.
For those awards recognized as the world's top tier, their significance no longer lies in the prize money, but in the award itself.