Press Release
May 18, 2009
- May 18, 2009 -
Dave Farmer |
ORLANDO, Fla. (EMC World) May 18, 2009 EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today announced the number 3,892,179,868,480,350,000,000.⊃1; John Gantz, Chief Research Officer for IDC, explained, “That’s the number of new digital information bits created in 2008. Contrary to popular belief, as the economy deteriorated in late 2008, the pace of digital information created and transmitted over the Internet, phone networks, and airwaves actually increased.”
According to the new EMC-sponsored IDC study titled “As the Economy Contracts, the Digital Universe Expands,” the amount of digital information created in 2008 grew 3% faster than IDC’s prior projection. Looking forward, the Digital Universe is expected to double in size every 18 months. In 2012, five times as much digital information will be created versus 2008.
The new findings highlight the third update to the groundbreaking Digital Universe study, which measures and forecasts the vast amounts and diverse types of digital information created and copied annually. Calculated to be 487 billion gigabytes⊃2; in size, the amount of information created in 2008 is the equivalent of more than:
While the pace of digital information increased in 2008, IT budgets declined, thus creating an even larger divide between the amount of information generated and the amount of IT resources purchased and deployed to manage it. This dynamic further validates the demand for tools and techniques (e.g. virtualization, deduplication and other data reduction technologies, etc) geared specifically to managing more with less.
Joe Tucci, Chairman, President and CEO of EMC Corporation, said, “Whether you’re a student, senior executive, stay-at-home parent or surgeon, the growth of digital information collides with every-day business and every-day life. Those who use information growth to their advantage are seeking out new and creative ways to manage, secure and protect the rapidly-growing volumes.”
Key findings from the 2009 IDC Digital Universe study signal fundamental shifts in the areas of information growth, security, compliance and management.
Growth drivers:
Information Security:
Information Compliance:
Number of Kindles in the Digital Universe
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The Digital Universe, IT Budgets, and IT Staff: Growth Over Four Years
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Digital Information Created, Captured, Replicated Worldwide
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Security- and Compliance-Intensive Information
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EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com
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1) 3,892,179,868,480,350,000,000 is read as 3 sextillion, 892 quintillion, 179 quadrillion, 868 trillion, 480 billion, 350 million.
2) Using a decimal conversion from bit to bytes, there are eight bits per byte, 1,000 kilobytes per megabyte, and 1,000 megabytes per gigabyte. Therefore, 3,892,179,868,480,350,000,000 bits is the equivalent of 486.522 billion gigabytes.
3) IDC's Worldwide Digital Marketplace Model and Forecast, 2009.
This release contains forward-looking statements as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions;(vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism;(xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; (xiv) the impact of any expense reduction initiatives; and (xv)other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
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