New 2012 Digital Universe Study Reveals Big Data Opportunity

SHARE:
Copied!

The 2012 Digital Universe study, conducted by the research firm IDC for EMC, is full of eye popping statistics about the amount of information the world is generating.

Consider these findings from the study:

  • The amount of information in the Digital Universe is doubling every two years, currently growing at a rate of more than 7,600 petabytes per day
  • Less than 1% of the world’s data is analyzed today, presenting an enormous opportunity for Big Data analytics, which we at EMC believe will become the “killer app” of the next wave of IT
  • By 2020, there will be 7.6B people on the Internet… and 200B interconnected “things.” As my colleague and EMC Fellow Steve Todd writes, “embedded systems (e.g. sensors, surveillance cameras, smart meters, appliances, medical devices, toys, etc.) will become one of the major sources of ones and zeros”
  • This machine generated data (driven by what some call the “Internet of Things”) will account for 40% of the Digital Universe by 2020, up from just 11% in 2005
  • Less than 20% of the information in the Digital Universe is protected today, yet “enterprises have liability associated with and responsibility for nearly 80%” of it
  • Information is much less protected in emerging markets, which will account for the majority (62%) of the Digital Universe by 2020.

Clearly, as the volume and complexity of data increases from all angles, IT organizations have a choice: succumb to information-overload paralysis, or take steps to harness the tremendous potential teeming within the new data streams.

This year’s study underscores the massive opportunity that exists for organizations that recognize the importance of navigating the Digital Universe with the right balance of technology, data security practices and IT skills.

Continue Reading

Related Posts

Cloud Without Chaos

It’s difficult to imagine a world where you couldn’t order groceries, check your bank account, read the news, listen to music or watch your favorite show from the comfort of … READ MORE

Steve Mackay August 3rd, 2020

The Finance Leader of the Future

Three leading global Chief Financial Officers recently shared their views on the impacts of recent events and their implications for the future of finance leadership. The business landscape is changing … READ MORE

Thomas Murray July 31st, 2020
Click to Load More