IDG Contributor Network: Datanomics 101: The economics of data in a digital enterprise
The transformation of businesses to digital enterprises was supposed to create an enormous market opportunity for the storage industry.As companies such as Netflix and Rosetta Stone transformed from DVDs and CDs to online data delivery models, their data footprint increased exponentially every year. In fact, digital transformation is increasing the data we store by over 2.5 exabytes every day. That’s equivalent to 530 million songs or 250,000 libraries of congress or 90 years of HD video! Each and every day. 100% growth every year.+ Also on Network World: How the 'digitization of everything' will become a reality + Conventional wisdom held that all this data needed to be stored somewhere, and the market outlook for the storage industry never looked better. Instead, there has been a rapid commoditization, consolidation and implosion of the storage market over the past three years, culminating in Dell’s acquisition of the market leader, EMC, in September of last year.To read this article in full or to leave a comment, please click here
About 275 employees will be impacted by the cuts.
Biggest announcement ever! (In terms of volume.)
Google has paused its Fiber initiative.