With growing populations and booming economies, Asian businesses are preparing for a data explosion. Earlier this year, a study by data storage giant EMC revealed some alarming data growth rates. In the region, digital data is expected to grow at a compound annual growth rate of 57 percent between 2006 and 2010. By 2010, the data volume for Asian businesses is projected to reach 1.8 zettabytes or 1,800 billion gigabytes. This creates a serious concern for the region's businesses because the estimated data volume will exceed the total available storage space by nearly 50 percent.
From Singapore to Vietnam, large organizations are increasing efforts to improve storage management. Companies are establishing their backup data centers in different countries to alleviate some of the enterprise risk. While large corporations are taking extra measures to secure and support their valuable and rapidly growing data, small businesses and consumers have yet to experience the "storage crunch" and are not safeguarding their data from the impending explosion.
Click here for the full article about Asia's data debacle.
From Singapore to Vietnam, large organizations are increasing efforts to improve storage management. Companies are establishing their backup data centers in different countries to alleviate some of the enterprise risk. While large corporations are taking extra measures to secure and support their valuable and rapidly growing data, small businesses and consumers have yet to experience the "storage crunch" and are not safeguarding their data from the impending explosion.
Click here for the full article about Asia's data debacle.
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3 comments:
Sarah, I commend you for your well-written posting. Your most recent blog sparked my interest, and I ran across an interesting point-of-view video from John Gantz (a chief research officer at IDC) concerning the “anticipated Tsunami” of the digital universe. This video may be found on the EMC website at http://www.emc.com/leadership/digital-universe/expanding-digital-universe.htm. Mr. Gantz reports in his video that the digital universe is expected to grow 10x bigger within the next five years. This is due to the continual increase in both personal and business use of digital information systems, including cell phones, the internet, digital cameras, etc. With such a large explosion of digital information, there is an increased risk for inadequate digital information management. This includes problems with managing “information security, data protection, and the ability to search for unstructured data.” Mr. Gantz argues that IT companies will need to change their relationship with business so that they are better able to “spearhead IT policies and procedures and go ahead with deployment of advanced tools for managing digital information.” It is critical that companies and digital information users remove duplicate digital information, implement information systems to aid with organization/location of unstructured data, and discover systematic ways to better manage data (ie when to discard versus file data information). Asian companies and digital consumers need to be made aware of the impending explosion and encouraged to take precautionary measures to ensure adequate protection and management of digital information. With a worldwide economy that depends on digital information processing I cannot fathom the possible repercussions of a massive digital overload and/or failure. So, with this being said…I am off to clean out my inbox. Thank you again for your commentary.
Crystal:
I appreciate your comments. I agree with the points Mr. Gantz makes about Asia's encroaching data overload. I will have to check out the video link you suggested. Thanks again and I hope you return to my blog and comment on my future posts about technology.
Sarah, I have read most of your blogs and I believe that most of them agree with the fact that IT is becoming an essential factor if you want to keep up in today buisness world. Granted there have been a few blogs that show some rebuttle but its pretty obvious that if you are a buisness and everyone else is increasing the amount of technology they use to better run their buisness then its time to "keep up with the Joneses". However I believe you really hit a true concern and problem that comes with any buisness reguardless of how much IT is needed, required, or used. As technology increased and buisnesses became larger they began to spend more and more money on Technological advancements that allowed them to increase production and increase profits. However... what happens when your buisness becomes so big that it out grows modern technology? I believe that Asia is running into the problem and are hitting this bump in the road first cause, well... they have more international buisness than anyone else. So it will interesting to see how they deal with the situation. It apparently is time to buy a couple trillion flash drives or somebody needs to start hitting the delete button.
Matt
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