April 10, 2017
A new study forecasts that the amount of data worldwide will rise tenfold within the next eight years.
The IDC white paper, Data Age 2025, sponsored by Seagate, predicts that data will balloon to a total of 163 zettabytes (yes, that's a thing) by 2025.
For context, 1 zettabyte equals 1,0007 (or 1021) bytes, which is expressed as 1 sextillion bytes or 1,000 exabytes or 1 million petabytes or 1 billion terabytes or 1 trillion gigabytes. Got that? And don't forget to multiply by 163.
This exponential growth indicates that "the decade centered around the conversion of analog data to digital is being replaced by an era focused on the value of data; creating, utilizing, and managing 'life critical' data necessary for the smooth running of daily life for consumers, governments and businesses alike," Seagate said in a press release about the white paper.
Though consumers once generated the bulk of the world's data, enterprises will surpass them to create 60 percent of the world's data in 2025.
Other developments we can expect by that date:
Seagate CEO Steve Luczo concluded:
While we can see from this new research that the era of big data is upon us, the value of data is really not in the 'known,' but in the 'unknown' where we are vastly underestimating the potentials today.
What is really exciting are the analytics, the new businesses, the new thinking and new ecosystems from industries like robotics and machine-to-machine learning, and their profound social and economic impact on our society.
The opportunity for today's enterprises and tomorrow's entrepreneurs to capture the value of data is tremendous, and our global business leaders will be exploring these opportunities for decades to come.