Enterprise investment in the digital universe—cloud, hardware, software, services, and staff to create, manage, store and generate revenue from the information—has increased 50%, to $4 trillion, since 2005, according to an EMC-sponsored IDC Digital Universe study. 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.

According to the study, "Extracting Value from Chaos," the growth isn’t ceding anytime soon. The world's data is doubling every two years—growing faster than Moore's Law. IDC, which conducted the study forecasts 1.8 zettabytes (1.8 trillion gigabytes) will be created and replicated in 2011, and the Digital Universe and Big Data are driving transformational societal, technological, scientific and economic changes.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access