The battle for data: The most valuable asset of the 21st century
Posted: Mon Dec 23, 2024 4:31 am
Digital Transformation is becoming more and more prevalent in all sectors: individuals, businesses, governments, etc., which is driving exponential growth in data. The results of a recent IDC report show that global data will grow from 33 Zettabytes (ZB) in 2018 to 175 ZB by 2025.
Today, more data is created in just two years than all the data french business fax list ever created in human history. And this appears to be just the beginning – leading market analysts estimate that the data explosion is only in its initial stages. It is clear that this presents unprecedented challenges – the global economy is being driven by data. Social and business behaviour enables and drives it, and it is clear that it will not experience any slowdown in the next decade.
Data, the oil of the new era
Not only is the amount of data we will generate important, but also the fact that more than half of this information will be stored in the cloud. The biggest increase in “data” will be the result of the more than 150 billion devices that will be connected to the Internet through IoT.
Some other interesting data from the IDC study that confirms this growth is that by 2025, each person anywhere in the world will interact with connected devices nearly 4,800 times a day , which basically means one interaction every 18 seconds .
Another numerical evidence that data will have more and more value in any social or economic sphere is that there are now more than 5 billion consumers who interact with data ; in just seven years that number will be 6 billion , which represents 75% of the world's population .
Today, more data is created in just two years than all the data french business fax list ever created in human history. And this appears to be just the beginning – leading market analysts estimate that the data explosion is only in its initial stages. It is clear that this presents unprecedented challenges – the global economy is being driven by data. Social and business behaviour enables and drives it, and it is clear that it will not experience any slowdown in the next decade.
Data, the oil of the new era
Not only is the amount of data we will generate important, but also the fact that more than half of this information will be stored in the cloud. The biggest increase in “data” will be the result of the more than 150 billion devices that will be connected to the Internet through IoT.
Some other interesting data from the IDC study that confirms this growth is that by 2025, each person anywhere in the world will interact with connected devices nearly 4,800 times a day , which basically means one interaction every 18 seconds .
Another numerical evidence that data will have more and more value in any social or economic sphere is that there are now more than 5 billion consumers who interact with data ; in just seven years that number will be 6 billion , which represents 75% of the world's population .