Trend 1: The increasing datafication of our lives
Just in the average minute, Facebook receives 900,000 logins, more than 450,000 Tweets are posted, and 156 million emails and 15 million texts are sent. With numbers like that, it’s no wonder we’re essentially doubling the amount of data created in the world roughly every two years.
Trend 2: The Internet of Things (IoT) and how everyday devices are becoming more ‘smart’
The IoT – which encompasses smart, connected products like smart phones and smart watches –is a major contributing factor in this exponential increase in data. That’s because all these smart devices are constantly gathering data, connecting to other devices and sharing that data – all without human intervention (your Fitbit synching data to your phone, for instance).
Trend 3: Exponential growth in computing power is fueling massive tech advances
Between 1975 and 2015, computing power doubled at a rate of every two years, before slowing to the current rate of approximately every two and a half years.