Boston, MA 04/14/2014 (wallstreetpr) – EMC Corporation (NYSE:EMC) and IDC together announced how wireless technologies and software-defined business will transform the data storage market. It makes use of cloud based technology that allows opportunities to access large volume of information over the internet. So, the volume of data that could be analyzed in the digital universe will increase by ten folds in between 2013-2020 to 44 trillion GB.
Benefits
The digital universe provides a single platform to streamline the business process and allows users to access secured data of an enterprise as and when they require. It also reduces operating costs and provides massive business opportunities. Enterprise may witness security threat to access the company specific information over the internet; however, privacy measures will provide full protection to such information.
Opportunities
IDC estimates that ~ 200 billion devices or things can be connected to the internet; however, only 7% are already connected and communicated through internet and continue to grow up in coming periods to reach 32 billion (10%) by 2020. So, the internet will provide a platform for massive data analysis in the digital universe.
As more businesses integrate through social and mobile platform, the potential for the market will develop and increase opportunities for data analysis for businesses. But, it needs to identify the useful data from large volume of information. As of 2013, only 22% of the information was considered as useful that means more chances are there due to increasing data from The Internet of Things in the future.
As of now, more than 60% of data are contributed by developed market such as Germany, Japan and the U.S. But, emerging market is likely to change the proposition due to increasing use of data storage and their applications over the internet. BRIC countries and Mexico expects to dominate the market by producing more data and using over cloud by 2020.
