EMC Corporation today announced results of the EMC-sponsored IDC Digital Universe study, “Extracting Value from Chaos” – which found the world’s information is more than doubling every two years – with a colossal 1.8 zettabytes to be created and replicated in 2011, which is growing faster than Moore's Law.
The study’s fifth anniversary, measuring and forecasting the amount of digital information created and copied annually—analysing the implications for individuals, enterprises, and IT professionals – has huge economical, social and technology implications for big data and other opportunities.
In terms of sheer volume, 1.8 zettabytes of data is equivalent to every person in the world having over 215 million high-resolution MRI scans per day.
The forces behind this relentless growth are driven by technology and money. New “information taming” technologies are driving the cost of creating, capturing, managing and storing information down to one-sixth of what it was in 2005. Additionally, since 2005 annual enterprise investments in the Digital Universe—cloud, hardware, software, services, and staff to create, manage, store and generate revenue from the information—have increased 50% to US$4 trillion.
The massive server, data management and file growth is not keeping pace with staffing. The IDC notes that the skills, experience, and resources to manage the deluge of data and resources simply isn’t keeping pace with all areas of growth.
While over the next decade (by 2020), IT departments worldwide will experience ten times the number of servers (virtual and physical) and 50 time the amount of information to be managed, the study predicts only 1.5 times the number of IT professionals available to manage it all.
The study also points out that cloud computing accounts for less than 2% of IT spending today, but by 2015 nearly 20% of the information will be "touched" by cloud computing service providers. Perhaps as much as 10% will be maintained in a cloud.
“The chaotic volume of information that continues growing relentlessly presents an endless amount of opportunity—driving transformational societal, technological, scientific, and economic changes,” said Jeremy Burton, Chief Marketing Officer, EMC Corporation. “Big Data is forcing change in the way businesses manage and extract value from their most important asset – information. EMC is at an ideal crossroad to help our customers—from the world’s largest enterprises to governments to small businesses—exploit the hidden value in the digital universe as they continue on their journey to the cloud.”