2. Increased cloud storage capacity
Continued from previous week, as cloud services increasingly become a de facto part of doing business, we expect data storage to grow exponentially in the coming year. To accomplish this, service providers will bring more data centers online with larger-capacity storage equipment. The Cisco survey estimates that in 2017, the total amount of data stored in data centers would be 370 EB, while global storage capacity would reach 600 EB. These numbers are set to grow in 2018 to an estimated total storage capacity of 1.1 ZB, which is approximately twice the space available in 2017.
While data centers owners move to increase available storage, forward-thinking businesses will be able to take advantage of that space to further their objectives. For example, businesses that work with big data will use this increased space to store large data sets, perform analytics on them, and harvest valuable insights into areas such as customer behavior, human systems, and strategic financial investments. For small businesses, increased storage capacity means that 2018 will provide custom or bespoke storage options at far lower prices than were available in 2017.
To be continue next week