As enterprises move ahead in their digital transformation journey, the massive trail of data from digital transactions is growing steadily, but for many organizations extracting intelligence from data remains a pipe dream.
According to analyst firm IDC’s Worldwide Global DataSphere Forecast, 2021–2025, business and consumer data has been amassing at a compound annual growth rate (CAGR) of about 23% since last year, with a 28% CAGR attributed to enterprises, and is expected to reach 180 zettabytes by 2025. Data created in the cloud is also growing at 36% annually, while data collected at the edge through various IoT and sensing devices is growing at 33% annually and will make up 22% of the total global datasphere by 2025.
