Data

[New] By 2025, every connected person in the world will have at least one digital data interaction every 18 seconds - likely from one of the billions of IoT devices, which are expected to generate over 90 ZB of data in 2025.
[New] Employers should plan to implement appropriate safeguards for inbound personal data transfers from the EEA to the UK, in case no adequacy decision or other agreed model for the exchange of data is adopted by 2021.
[New] From 2021, the UK will become a third country so that GDPR restrictions will apply to personal data being transferred into the UK unless the European Commission makes an adequacy decision in relation to the UK before then.
[New] An increasing number of devices are instrumented and connected to generate data and organizations this year will face pressure to utilize machine learning with IoT data to enable operational intelligence.
[New] Almost two-thirds of companies plan to increase their investment in data management technology over the next two years, but currently 43% of organizations are not using data to guide every business decision.
[New] By 2025, the number of deployed IoT devices will reach 25 billion 2 and generate over 79 zettabytes (ZB) of data 3.
[New] Clearly the role of Big Data in IoT will only continue to accelerate in the coming years, and organizations that deploy IoT systems will need to use foresight in deciding how to manage the massive amounts of data that will be generated.
[New] Gartner analysts have highlighted Graph Database & Analytics as a top 10 trend for data and analytics, with an estimated annual growth of 100% annually through 2022.
[New] By 2022, digital transformation spending in New Zealand will grow to over 55% of all ICT investment from 45% today, with the largest growth in data intelligence and analytics as companies create information-based competitive advantages.
[New] McKinsey recently noted that retailers that adopt the strategic use of data will see a 122% increase in cumulative cash flow in five years.
Expect to see lower demand for automotive and gaming chips but increased demand for Nvidia's expensive graphics processors used in data centers for handling video and powering machine learning algorithms.
While there's no shortage of internal data (IDC expects that the amount of data created in 2023 will reach over 100 ZB, one trillion gigabytes), most organizations need to turn to external data in order to execute a variety of business processes.
While many of today's connected devices take advantage of cloud computing today, market research firm Statista, predicts over 30 billion IoT devices to be deployed globally by 2020, making it impossible to store the amount of data in pure cloud environment.
The market for data and services derived from EO satellites is expected to grow by 9.4% each year for the next ten years for a total upside market value of $12.1 billion by 2028.
Reducing the power usage effectiveness (PUE) of data centers and building green data centers are inevitable: The average PUE of new data center in China will drop to 1.1 in the next five years.
Approximately 2.5 quintillion bytes of data are now created every day and it's estimated that 1.7 MB of data will be created every second for every person on earth by 2020.
Electric utilities will increase the number of connected data-creating devices by more than a factor of eight in the next decade, and the amount of data each device generates will also grow.
Big data and intelligence will continue to enable greater personalisation at scale, meeting the ever-growing demand for unique and personalised brand experiences.
2020 will be a key year for data strategy, leading to significant increases in spending on data storage and data management.
The Data Center and Enterprise categories, reflecting the critical drivers of data center spending, are expected to reaccelerate slightly next year after significantly slowing growth in 2019.
Spending on services including data, analytics, technology and integration will rise 6.3% to $23.2 billion this year from 2019.
Using big data, computer programs (or artificial intelligence) will be capable of analysing massive amounts of information, identifying trends and using that knowledge to come up with solutions to the world's biggest problems, such as hunger, diseases, climate change and overpopulation.
Next year, the 2021 UK census will collect important baseline data about the UK population, and most likely capture the effects of the Covid-19 pandemic across a range of outcomes.

See full forecast

Last updated: 31 May 2020