The seventh annual EMC Digital Universe study points to the increasing value of the Internet of Things and the increasing richness of data generally as major contributors to data doubling every two years. The report states that the digital universe will expand ten-fold between 2013 and 2020 from 4.4 trillion Gbs to 44 trillion Gbs. The continuing growth of wireless technologies, smart products and software-defined businesses are playing a central role in catapulting the volume of the world’s data.
“As more and more businesses capitalize on the social and mobile phenomenon, the enormity and potential of the digital universe grows, and businesses are presented with greater opportunities to analyze new streams of data and gain more value from the data they already have.” says Jeremy Burton, EMC Information Infrastructure’s President of Products and Marketing.
“Simply put – companies of all types are shape shifting into software-defined enterprises right before our eyes. While the potential is massive, the implications are equally daunting. IT departments must press the restart button to find new ways to innovate around existing infrastructure while positioning themselves to dive into a future of third platform computing.“
The report puts the quantum of data forecast into perspective:
The Internet of Things comprises billions of everyday objects that are equipped with unique identifiers and the ability to automatically record, report and receive data – a sensor in your shoe tracking how fast you run or a bridge tracking traffic patterns. According to IDC the number of devices or things that can be connected to the Internet is approaching 200 billion today, with 7% (or 14 billion) already connected to and communicating over the Internet. The data from these connected devices represents 2% of the world’s data today. IDC now forecasts that, by 2020, the number of connected devices will grow to 32 billion – representing 10% of the world’s data.
The Internet of Things will also influence the massive amounts of “useful data” – data that could be analyzed – in the digital universe. In 2013, only 22% of the information in the digital universe was considered useful data, but less than 5% of the useful data was actually analyzed – leaving a massive amount of data lost as dark matter in the digital universe. By 2020, more than 35% of all data could be considered useful data, thanks to the growth of data from the Internet of Things, but it will be up to businesses to put this data to use.
This phenomenon will present radical new ways of interacting with customers, streamlining business cycles, and reducing operational costs, stimulating trillions of dollars in opportunity for businesses. Conversely, it presents significant challenges as businesses look manage, store and protect the sheer volume and diversity of this data. For example, IDC estimates that 40% of the data in the digital universe require some level of protection, from heightened privacy measures to fully-encrypted data. That said, only half of that data – just 20% – is actually protected.
Other key findings in report include:
The amount of data being produced and consumed raises the importance of data and power protection, contact Natural Power Solutions for solutions to protect your data.