The world's digital information is more than doubling every two years with 1.8 ZB (1.8tn GB) to be created and replicated in 2011, and is growing faster than Moore's law, according to a new IDC study, sponsored by US storage solutions supplier EMC (NYSE: EMC).
According to Moore's law, the number of transistors that can be placed on an integrated circuit doubles approximately every two years, a trend that has continued for more than half a century and is expected to continue until 2015 or 2020.
The Digital Universe study "Extracting Value from Chaos" found that this growth is the result of new technologies driving down the cost of creating, capturing, managing and storing information to one-sixth of what it was in 2005.
Moreover, since 2005 annual enterprise investments in the digital universe - namely cloud, hardware, software, services and staff to create, manage, store and generate revenue from the information - have increased 50%, to US$4tn.
IDC also found that the skills, experience and resources to manage the deluge of data and resources are not keeping pace with all areas of growth. For instance, by 2020 the number of servers (virtual and physical) is expected to increase 10 times, while the amount of information to be managed is expected to grow 50 times. However, the number of IT professionals available to manage it all would only increase 1.5 times.
"The chaotic volume of information that continues growing relentlessly presents an endless amount of opportunity - driving transformational societal, technological, scientific and economic changes," said Jeremy Burton, EMC chief marketing officer.
But cloud computing solutions offer an alternative for dealing with the digital universe's complexity and the growing trend in information. Adoption of these solutions is expected to increase in the future, since they account for less than 2% of IT spending today.