Our Ever-Expanding Data Universe

Comments Off on Our Ever-Expanding Data Universe
Our Ever-Expanding Data Universe

In the information age the most important metric is the rate of increase in the volume of information created, collected, stored, transmitted, and analyzed.  Everything from health care to transportation to entertainment to defense to manufacturing depends on turning data into useful activity.  Today, information is the basis of all power, wealth and security.  Perhaps the most important trend since the mid-20th century has been the falling costs of handling information and, by extension, our ever-expanding wealth of data and data handling technology.

In this segment, we’ll explore this foundational trend and its implications.

At the most fundamental level the amount of data we produce every day is truly mind-boggling. Next year, an estimated 18 billion gigabytes of data will be created each day and that pace will only accelerate with the growth of the Internet of Things (or IoT). 

To put this acceleration in perspective, mankind has been recording data for at least 6,000 years.  And yet, 90 percent of all the data in the world was generated over the last two years alone. 

Where does all this data come from?

Let’s start with the Internet.  With so much information at our fingertips, we’re adding to the data stockpile every time we turn to our search engines for answers.  Here are a few relevant stats.

Subscribe for as low as $195/year

  • Get 12 months of Trends that will impact your business and your life
  • Gain access to the entire Trends Research Library
  • Optional Trends monthly CDs in addition to your On-Line access
  • Receive our exclusive "Trends Investor Forecast 2015" as a free online gift
  • If you do not like what you see, you can cancel anytime and receive a 100% full refund