Infographic: The Potential of Digital Data

Too much information! The creation, transfer, and storage of global data has exploded in the Digital Age. As the infographic embedded below from GetSatisfaction shows, as the amount of digital data grows exponentially each year, "Big data has the potential to become the next frontier for innovation, competition, and profit". "Big data" refers to sets […]

Too much information! The creation, transfer, and storage of global data has exploded in the Digital Age. As the infographic embedded below from GetSatisfaction shows, as the amount of digital data grows exponentially each year, "Big data has the potential to become the next frontier for innovation, competition, and profit". "Big data" refers to sets of data whose size surpasses that of what data storage tools can typically handle.

Just consider this startling set of contrasting projections--going forward, globally generated data is expected to grow by 40 percent annually, but IT spending is tipped to increase by just 5 percent each year.

That sounds like a clarion call for massively increased efficiency in areas like data storage and transmission. Moore's Law and other observable constants in technology will pick up some of the slack, to be sure.

Infographic: (click for the big-ass version)

[Source:GetSatifaction]