Join John Mancini for an in-depth discussion in this video The effects of information chaos, part of Meeting the Challenge of Digital Transformation.
- The future will not just be a linear extrapolation of the past. Organizations need to think logarithmically about the volume of information they'll need to manage in the next five years. According to EMC, an international data corporation, the digital universe is doubling in size every two years, and will multiply tenfold between 2013 and 2020 from 4.4 trillion gigabytes to 44 trillion gigabytes. The amount of information currently in the digital universe would fill a stack of iPad Air tablets reaching 2/3 of the way to the moon.
By 2020, there will be 6.6 stacks this size. Consumers create much of this data, but enterprises are responsible for it. 2/3 of digital universe data is created or captured by consumers and workers, yet enterprises have liability or responsibility for 85% of it. I call this phenomena of accelerating information "Mancini's Law." There are three elements to it, and they go like this: One, an organization is a system of information networks.
It only operates effectively when there is clear and predictable information flow within and between these networks. Two, 50% annual growth in the volume of digital information means that these networks, and especially the points of connection between them, will become increasingly unstable. And three, without intervention, the resulting information chaos will threaten the viability of the entire organization. We'll talk about how this explosive growth manifests itself in the next video.