Sponsored by Seagate Technologies, this examines impending shifts to the global data model. While healthcare currently has the smallest share of the global enterprise datasphere among key industries, it is slated to grow the fastest, far surpassing the media and entertainment sector and matching the financial services sector by 2025. The growth reflects advancements in healthcare analytics and imaging technology, as well as the increasing amount of real-time data created in medical care. It estimates that 30% of the date forecasted to be real-time by 2025.
“We are at the beginning of an era where both data creation and data utilization are forecasted to grow rapidly over the next decade. While some industries are more prepared for digital transformation than others, all businesses need to be ready to act on a solid digital strategy in order to be successful in the data age,” said Dave Mosley, Seagate’s chief executive officer. “Data technologies are becoming central for productivity expansion, data monetization and value-creation.”
The enterprise is fast becoming the world’s primary data steward in today’s connected world. The Digitization of the World study predicts that the installed bytes across the enterprise is to represent over 80 percent of total installed bytes worldwide in 2025. This trend will only continue to amplify the data protection responsibilities of companies around the world.
The study also predicts that almost half (49%) of the world’s stored data could reside in public cloud environments by 2025. The shift to the public cloud is largely being driven by a world filled with IoT sensors that are constantly capturing, recording, and analyzing data in business environments. With businesses looking to centralize data management and delivery, there is an increased reliance on the connectivity, performance and convenience that cloud services provide. As companies continue to pursue the cloud for increasing data processing and storage needs, cloud data centers are becoming the new enterprise data repository. Cloud is becoming the new core, it said.
“While endpoints continue to be the primary location for data creation in the short term, the fastest growth is forecasted to happen at the core and the edge – with more data stored in the core than in the world’s endpoints by 2025. This will be particularly true for major industries as edge computing continues to be a key driver of business-critical factors and digital transformation,” said David Reinsel, senior vice president at IDC.