Improved storage technology means you can keep almost all the information you generate and receive nowadays. Thatâ€™s great, but it can also make finding the particular file you need, when you need it, a whole lot harder – especially if you have been a bit haphazard with how you name files and organise folders. Welcome to the new world of data retention and management
Itâ€™s not big news that storage is cheap and getting cheaper – in 1957, one megabyte cost over $US400m to store. In 2010, it cost less than two cents. Today, it costs less than half a cent.
Back in 2012, research firm IDC and IT solution provider EMC (now DellEMC) said thereâ€™d be 40 zettabytes of data in the world by 2020 – thatâ€™s 40 billion terabytes (40 trillion gigabytes). This year, software company Veritas estimated that unstructured or â€˜darkâ€™ data (information that isnâ€™t laid out in searchable tables like databases) can account for 90 per cent of information stored by an organisation.
Put simply, people donâ€™t know what they have got, or how to retrieve easily. That means finding mission critical data can cost a business time and money.
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