The IDC sizing of the digital universe – information that is either created or captured in digital form and then replicated in 2006 – is 161 exabytes, growing to 988 exabytes in 2010, representing a compound annual growth rate (CAGR) of 57%. This is about 3 million times the information in all the books ever written.
IDC has found that “Information workers” spend;
- 14.5 hours per week reading and answering email
- 13.3 hours per week creating documents
- 9.6 hours per week searching for information
- 9.5 hours per week analyzing information
IDC estimates that an organization employing 1,000 knowledge workers loses $5.7 million annually just in time wasted having to reformat information as they move among applications. Not finding information costs that same organization an additional $5.3 million a year.
IDC also expect information management compliance to continue to be big business. Spending on just the hardware, software, and computer services to develop an IT infrastructure to support compliance initiatives is expected to double from 2006 to 2010 to $21.4 billion worldwide. The email archiving market alone is expected to be a billion dollar software and hosted services market by 2010, up from $471 million in 2006.
We have identified some information technology specific problems in the table below. Over time we would like to add to this table by getting input from the problem experts - you! If you are aware of significant technology related pressures across industries, please take a moment to compete the form below the table. The most commonly reported problems will be added to the table. Highlighting the problems in this manner will attract greater focus on approaches to addressing the main issues.
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