According to the research findings of universe study, in the coming eight years, data is likely to increase drastically, by how much to be exact? Estimates produce a ball park number of around forty zettabytes, when you do the math; it comes out at around 5,200 gigabytes of data for every man, woman, and child on this planet.
If you like most other intelligent beings on this planet have no idea how large forty zettabytes actually is? Then it's safe to say that you're no computer geek. Jokes aside, so let's get serious. 40 zettabytes when converted to gigabytes comes out to 40 trillion gigabytes of data, now those are some serious figures. To go further into details, this data will likely be 57 times larger than all the grains of sands on this globe. Experts predict that if such data is to grow at this level, data should be doubled every two years starting from the year 2020.
If you are thinking: "If I am alive in 2020, I probably still won't be using that much data anyways". Yes, you are right. The fact of the matter is that most of your data will be produced by machines as servers dynamically exchange information from each other.
According to experts, today only a tiny percentage of your data will be of any relevance; however, by 2020, 33% of your data will be relevant and will contain vital personal details about you.
What classifies as data?
As we are well aware that the cyber world is filled with data, so what is data? Data can be classified as your digital photographs, videos, your facebook pictures, YouTube videos, linked in profile, and even high-resolution HD-TV content broadcasted over a satellite and into your television screen. Moreover, your simple daily activities may involve some form of obtaining and exchanging data whether you know it or not. For example, conducting a simple transaction from your ATM machine involves the use of data.
Just with data alone, a lot can be predicted about a person. Doctors can detect whether one is at an increased risk of cancer by analyzing a patient's medical records; in criminal investigations, faces can be linked through face detection technology and that person can then tracked through their social media profile; an e-criminal can hack through your computer and steal your credit card and social security numbers. The point is that too much data can be a good thing and a bad thing at the same time. The key lies in managing data by encrypting it and by managing personal data with data security software engineered to lock folders which contain critical personal information.
Signs leading to intensified data usage:
Think of it this way, for every terabyte that belongs to you, expect to own 14 times more by 2020. Most folks familiar with IT trends are well aware of this phenomenon. Servers around the world are expected to grow at least ten fold by 2020 as predicted by IT experts.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.