The Great Debate UK
– Jeff Smith is Senior Director Infrastructure Services, Global Crossing EMEA. The opinions expressed are his own.–
For many years now, number crunchers have obsessed over the growth of data, marvelling at the way that the computer age has generated enormous amounts of content and IT types have speculated as to how disks, tapes and other storage devices would need to evolve to accommodate this. Now, however, the problem has spread and the new fear is greater: could the digitisation of the world’s information lead to catastrophic communications breakdown?
Consider this head-spinning set of numbers. According to EMC, the data created in 2010 would be 1.2 zettabytes, the equivalent of 75 billion 16GB iPads, filling Wembley Stadium 41 times. And in the age of the Internet a lot of that data doesn’t just reside on physical media but instead gets repeatedly shunted around the globe. On mobile networks alone, 8,000 petabytes will be sent in 2011, says a May 2011 report by ABI Research, and that figure is set to grow by about 50 per cent annually for the next five years. Overall, IP traffic will grow to 767 exabytes in 2014, according to Cisco. A petabyte is over one million gigabytes and an exabyte is 1,000 petabytes.
This data growth is part of a broader picture of non-stop innovation that characterises the technology sector. The situation is exacerbated by the ease with which files can be exchanged using social networks, email, instant messaging and other systems.
- David Kuo is director of financial website The Motley Fool. The opinions expressed are his own.-
The housing market is probably one of the most keenly followed markets in Britain. Every month we are hit between the eyes with no fewer than eight separate indices that provide pointers to the state of play in the property market. These include supply side figures from Rightmove, demand side numbers from Nationwide and mixed-adjusted indices from the Department of Communities and Local Government.