Data has become critical to all aspects of human life over the course of the past 30 years. It is the engine spurring digital growth and producing new revenue streams. With 163 zettabytes (or 163 trillion gigabytes) by 2025, the datasphere is projected to grow ten-fold over 2016, reaching an unprecedented order of magnitude, according to IDC’s projections.
Alongside the expansion of the data lake increases the dependency on data accuracy and risk of wasting plenty of money when gathering data on autopilot or causing a breach. If not diligently taken care of, Veritas estimates that the avoidable storage and management costs could accumulate to $3.3 trillion by 2020, as publicized in the Global Databerg Report.
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