Will datacentre economics paralyse the Internet of Things?

By Business Cloud News, Jul. 22, 2015 – 

The statistics predicting what the Internet of Things (IoT) will look like and when it will take shape vary widely. Whether you believe there will be 25 billion or 50 billion Internet-enabled devices by 2050, there will certainly be far more devices than there are today. Forrester has predicted 82% of companies will be using Internet of Things (IoT) applications by 2017. But unless CIOs pay close attention to the economics of the datacentre, they will struggle to be successful. The sheer volume of data we expect to manage across these IoT infrastructures could paralyse companies and their investments in technology.

The Value of Information is Relative

ABI Research has calculated that there will be 16 Zettabytes of data by 2020. Consider this next to another industry estimate that there will be 44 Zettabytes by 2020. While others have said that humanity only produced 2.7 Zettabytes up to 2013. Bottom line: the exponential growth in data is huge.

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