Everything is going digital. By the year 2020, seven billion people will have access to the internet, roughly half through a traditional wired connection, the other half wirelessly via mobile devices.
Similarly, current growth predictions put the number of devices connected to the internet by the year 2020 at 50 billion; by the year 2030 this number skyrockets to 500 billion (see Figure 1-1).
Figure 1-1. Pillars of digital transformation
In terms of data, by the year 2020, there will be 50 zettabytes of stored data. To give some perspective, that’s equivalent to 50 billion one terabyte disk drives. What’s more, by the year 2030, this number will increase by an order of magnitude.
These are impressive numbers by themselves, but it pales in comparison when you consider that when you connect something to the internet, it is not just connected to the network, it is connected to everything else.
Thus, we see an unprecedented opportunity as the number of connections explodes. The greatest opportunity exists where those connections are most dense, yet these are the areas where it is most difficult to make predictions. We humans have a tendency to overestimate what will happen in the next two years and underestimate what will happen in the next 10 years. This has never been truer than it is now as we approach this singularity of connections.
The rapid pace of ...
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