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Friday, 11th April 2014

The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things

Source: International Data Corporation (IDC)

From Executive Summary:

This is the digital universe. It is growing 40% a year into the next decade, expanding to include not only the increasing number of people and enterprises doing everything online, but also all the "things" — smart devices — connected to the Internet, unleashing a new wave of opportunities for businesses and people around the world.

Like the physical universe, the digital universe is large – by 2020 containing nearly as many digital bits as there are stars in the universe. It is doubling in size every two years, and by 2020 the digital universe — the data we create and copy annually — will reach 44 zettabytes, or 44 trillion gigabytes...

Hence the theme for this year's digital universe study: The expanding universe of business opportunities. As more of the world goes online, including the physical world, the more opportunity there is for enterprises (and consumers) to use data in new ways – to learn about customers, speed business cycles, flatten organizational structures, and transform themselves into companies designed for what we call the "Third Platform" of the digital age, a platform built upon a foundation of cloud computing, mobility, social networking, and Big Data.

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

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