For those of you that missed it, the February 27th-March 5th edition of The Economist featured a special report on the over abundance of data, and where we’re heading with it.Â This may seem like a boring topic at first, but if you start reading , you’ll quickly realize why I continue to be so interested in social media, especially the broader social-cultural and global implications of Â all the content/data that we are feeding into “the cloud“.
Rather than providing you with a summary of the article (which hopefully you will read in full), I am providing some excerpts which IÂ highlighted myself while reading:
- There are 4.6 billion mobile-phone subscriptions worldwide (though many people have more than one)
- By 2012 the amount of traffic flowing over the Internet annually will reach 667 exabytes
- Farecast can advise customers whether to buy an airline ticket now or wait for the price to come down by examining 225 billion flight and price records.