5 STRONG DATA PREDICTIONS FOR 2025
The 21st century has shown the biggest changes the world has ever seen. We are fortunate to witness endless changes and shifts. And we all are driven by curiosity to discover more about the world around us by better understanding the data.
The world is keen on inventing new technologies, getting a deeper understanding, providing more accessible solutions, and collecting more relevant data. Due to ease in technological accessibility, using smart devices, surfing the internet, and installing numerous software and applications, we might seem to be overwhelmed with information. The flow is non-stop!
But if we analyze these processes, we will conclude that the real gem is data, we ‘the users’ generate.
Usually, companies gather data for users. Later, after data cleansing services convert it into informative data and resell it, which enables us to know how to boost development, how to increase productivity, how to optimize business processes, how to maintain vital discoveries and how to contribute to overall improvement. But we can’t forget, someone is earning big bucks on this!
To excite and motivate, let’s look at some statistics.
In the last decade, IDC estimated: 1.2 trillion gigabytes of new data were created in 2010, the figure up from 0.8 zettabytes the year before. In 2020, the amount of newly created data was predicted to grow 44X to reach 35 Zettabytes (35 trillion gigabytes), where we were already 2 years ago. Afterward, IDC predicts that by 2025, the data will grow 61% to 175 Zettabytes worldwide. It will be equal to the data residing in the cloud as in data centers.
According to Seagate sponsored IDC’s “Data age 2025” whitepaper, data sphere has three locations:
- Core — Includes traditional and cloud data centers
- Edge — Includes cell towers and branch offices
- Endpoint — Includes smartphones, PCs and Internet of Things (IoT) devices
There are other remarkable statistics related to data and storage for the upcoming decade. Let’s have a look:
- 49% of the data will be stored in public cloud environments by 2025.
- By 2025, approx 30% of the generated data will be consumed in real-time.
- Over the next seven years, the storage industry will ship 42ZB of capacity.
- Nearly 90ZB data will be created on IoT devices.
DATA PREDICTIONS FOR THE YEAR 2025
#More new places for data to emerge and spread
Data is crucial for all voids. 35 years of the “digital transformation” and 25 years since the Internet, and there are still a few billion people and businesses that are still not connected and primarily analog. In 2025, people will work to correct the content and sectors such as agriculture, education, healthcare by providing the missing piece for the latter.
Other dominant sources of data creation and consumption will be things such as software for collecting, processing and even analyzing data.
#A new dimension to data growth by Synthetic data
Many enterprises like Google, Facebook, and Amazon do not have lots of data in their data centers. They work with lots and lots of processing power rather than lots and lots of data.
In 2025, all these enterprises will take their own volume of data and synthesize it to create the amount of data needed for training algorithms and validating models. Synthetic data will play a new role as a subset of anonymized data in the training of learning algorithms in data challenged enterprises.
#The business of data as a significant sector of the global economy
The search engine ‘daddy’ — Google has led the way in showing the entire world that you can build a very large and profitable business solely on the basis of data. The value of data to their business is measured in relation to advertising effectiveness and efficiency.
In the coming decade, we will see the more and more data-related business, growing large with data as an asset and has a defined value and can be bought, sold and added to other products and services. Also, In 2025 enterprises will come up with metrics to measure the exact value of their business data and tricks to ‘monetize’ it. Businesses will try to make data a distinct revenue stream.
#The most successful and well-paying job will be data related
From data scrubbing services to perfecting data analysis models, the most successful and well-paying job of the coming decade will be related to data. Data maintenance and protection, governance and monetization, its evaluation and role in the decision-making process. With the proliferation of data-related jobs, ‘data literacy’ will become center attention of internal training for all employees.
In 2025, almost every service will be based on data or will have a data component. For that, developers, sellers, and managers will have to be data proficient.
#Continuation in the usage of data for entertainment, convenience, and feel connected
Regardless of government policies related to data, our unwitting or deliberate data will ensure continuation, and possibly acceleration. Even In 2025, people will continue to use data for their convenience, entertainment or for the feeling of being connected.
We are working in a dynamic environment where things change in seconds. In 2025, many things will change, but data- its usage and growth — will be the most consistent and significant-tech trend. It will continue to rule the economy sector!
