Data Storage Requirements Grow More Complex: IDC
Worldwide installed raw storage capacity (byte density) will climb from 2,596 exabytes (EB) in 2012 to a staggering 7,235EB in 2017.The incessant requests for data coming from billions of mobile devices around the world will demand that data be centralized and available at all times, and businesses should be aware of big data and analytic discoveries because they will drive optimization within existing businesses, according to a report from IT research firm IDC. These discoveries will also provide new vectors of growth for mature businesses and birth additional businesses altogether. The report noted that in addition to accelerated growth, these discoveries will drive new sources of revenue for those that own the data. "Technology is a moving target, but the desire to store more data is insatiable," David Reinsel, group vice president of storage, semiconductors, security, GRC and pricing at IDC, said in a statement. "IT managers, and even government officials, should view data as a precious resource like water, oil or gold. Increasingly, data will be critical to govern and grow businesses, it will be mined for hidden nuggets of strategic insight using analytics, and it will be traded and sold, just like other commodities." The report also found that low-cost tape and optical storage solutions for long-term archiving and content delivery are being displaced as businesses place more data online and as consumers stream and store more data from and in the cloud.
Worldwide installed raw storage capacity (byte density) will climb from 2,596 exabytes (EB) in 2012 to a staggering 7,235EB in 2017. An exabyte is equal to one billion gigabytes of storage--the 64-bit microprocessors found in many computers can address 16EBs of memory.