Given the debacle occurring in current markets, I began to wonder if the market has been forecasting the demise of the Digital Transformation. So, I Googled . . . "Is the digital transformation finished?" and found the attached Forbes article with the FIRST sentence . . . "Digital transformation is never going to be done."
That helps to put the current doom and gloom narrative in perspective.
Consider the following and then ask yourself . . . Where is all that data going to be stored? . . . How is all that data going to be analyzed? . . . Can any of that monumental amount of work be done without semiconductors and software . . . or the cloud?
“Back in 2010 then Google CEO Eric Schmidt said ‘From the dawn of civilization to 2003, five exabytes of data were created. The same amount of data was created in the last two days.’
Well, in 2020, 59 zetabytes of data were created, which is 59,000 exabytes.
If ‘from the dawn of civilization to 2003 five exabytes of data were created’, then in 2020 five exabytes were created every 45 minutes.”
Ophir Gottlieb, CML Pro
“Data is what is driving innovation and business decisions, accelerating the development of products and services that quickly are finding their way into the hands of enterprises and consumers alike. It’s also the scaffolding on which architectures are designed to ensure that data can be collected, stored, and analyzed as quickly as possible, regardless of the amount that is being generated or where it’s created. It’s like what oil has been for more than a century, a generator of vast amounts of value across the entire economy.
While oil is available in ever diminishing quantities, the data universe is huge. What is great about this is that it’s growing exponentially.”
2020-7-21 - Squeezing Every Drop of Value Out of Data – The Next Platform
Forbes article |
