Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Industry / Banking/  Digital information will grow 60 times in India by 2020: report
BackBack

Digital information will grow 60 times in India by 2020: report

Digital information will grow 60 times in India by 2020: report

Premium

New Delhi: India will witness a 60-fold increase in the creation of digital information over the next decade on the back of the government’s digitization efforts, technological advancements and the growing penetration of mobile phones, says a report.

The country is likely to create 2.3 million petabytes of digital information by 2020, up from 40,000 petabytes today, predicts the joint study by information infrastructure solutions company EMC Corp. and market researcher IDC.

This is twice as fast as the anticipated global rate, according to the report titled “The Digital Universe in India" that was released on Wednesday.

Digital information in India created in 2010 is equal to data stored on 2.5 billion iPadsof 16 gigabytes memory each. EMC expects that the deluge of digital information will translate into a significant market opportunity over the next decade.

Manoj Chugh, president of EMC’s India and South Asia operations and director of global accounts for EMC Asia Pacific and Japan, said most digital information in India is generated by individuals today, but managed by companies.

“As India’s broadband penetration increases and more and more people go online, we expect a deluge in digital information," he said, adding a lot more information will be created on mobile phones once third-generation (3G) services are launched.

Telecom operators, who bought spectrum for 3G and broadband wireless services in auctions this year, are expected to launch the high-speed offerings next year.

The study adds that nearly 50% more information is created in India than there is storage capacity. “This number will grow to 80% over the next decade."

Further, while digital information will grow 60 times, enterprise investment in information technology and staffing is likely to grow only in single digits.

surabhi.a@livemint.com

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 09 Sep 2010, 12:50 AM IST
Next Story footLogo
Recommended For You
Banking Stocks
₹1,058.55-0.54%
₹1,494.950.97%
₹1,078.8-1.04%
₹132.85-3.5%
₹756.85-0.65%
Switch to the Mint app for fast and personalized news - Get App