We all know that the data is bursting at the seams—and it doesn’t show any signs of stopping. But exactly how much data can we expect the world to juggle in the future? According to a white paper by IDC, the global datasphere could grow to 175 zettabytes by 2025. The Digitization of the World-From Edge to Core, which was sponsored by Seagate Technology, forecasts that the fastest growing sector of the digital enterprises will be healthcare. It is predicted to surpass media and entertainment and match financial services.
The study also examines each of the four sector’s data-readiness in terms of management, usage, and monetization of data. Here’s how healthcare, manufacturing, media and entertainment, and financial services fared:
- Manufacturing and Financial Services scored the best overall at 3.3 each, representing the greatest use of edge computing in the four industries, with opportunity for blockchain, analytics and AI.
- Despite its rapid growth, at 2.4, healthcare has room for improvement as well in data readiness. Survey results indicate blockchain will be important for the industry, but nearly 60 percent lack a strategy or have yet to implement any initiative.
- Media and Entertainment received the lowest DATCON score of 2.0, showing the sector ripe for advanced data technologies; particularly in data security and data management.
Also revealed by the study—the public cloud will play a major role in the datasphere, storing almost half of the world’s data by 2025. The shift to the public cloud is largely being driven by a world filled with IoT sensors that are constantly capturing, recording, and analyzing data in business environments. With businesses looking to centralize data management and delivery, there is an increased reliance on the connectivity, performance and convenience that cloud services provide. As companies continue to pursue the cloud for increasing data processing and storage needs, cloud data centers are becoming the new enterprise data repository. In essence, the cloud is becoming the new core.
For more information on “The Digitization of the World – From Edge to Core” and DATCON index, download the study: http://www.DataAge2025.com.