There is an interesting report from IDC on the forecast of digital data for 2020. Sharing few interesting bits from the same.
As per the report, the definition of ‘DIGITAL UNIVERSE ‘ – It is made up of images and videos on mobile phones uploaded to YouTube, digital movies populating the pixels of our high-definition TVs, banking data swiped in an ATM, security footage at airports and major events such as the Olympic Games, subatomic collisions recorded by the Large Hadron Collider at CERN, transponders recording highway tolls, voice calls zipping through digital phone lines, and texting as a widespread means of communications. Phew!
Now for some Key stats
1. Growth forecast – From 2005 to 2020, the digital universe will grow by a factor of 300, from 130 exabytes to 40,000 exabytes, or 40 trillion gigabytes (more than 5,200 gigabytes for every man, woman, and child in 2020). From now until 2020, the digital universe will about double every two years.
2. Nature of data – The amount of information individuals create themselves — writing documents, taking pictures, downloading music, etc. — is far less than the amount of information being created about them in the digital universe!
3. Where is the data/geography – Between 2012 and 2020, emerging markets’ share of the expanding digital universe will grow from 36% to 62%.
4. Scope for Analytics – IDC estimates that by 2020, as much as 33% of the digital universe will contain information that might be valuable if analyzed.
Are you ready to create, consume, and manage 40 trillion gigabytes of data??