3. Growth of Big Data

3. Growth of Big Data 

Kryder's law - The idea that data storage will double almost every year (13 months), as the storage capacity increases, storage will decrease in price.

https://searchstorage.techtarget.com/definition/Kryders-Law

growth of data  - Data is increasing at an exponential rate, more data has been made in the past two years than ever before combined. It is estimated that by the year 2020, 1.7MB of new data will be made every second for every human on earth. Within 5 years there will be 50 billion smart connected devices on earth. also by 2020, at least 1/3 of all the world's data will pass through the cloud. 

The image below contains more examples of data growth as well as a graph for visual representation

https://dvmobile.io/dvmobile-blog/feeling-overwhelmed-by-a-deluge-of-iot-data-iot-data-analytics-dashboards-can-help