The cloud will / should play has a crucial role in the long-term viability of the internet. Big data has made the crunching of huge amounts of data open source by some.
Cloud is necessary because duplicate data on multiple systems will require an exponential amount of storage.
Data hoarding is something that others have written about: see video
Data hoarding today (pictures, documents, videos, and a record of everything) It has increased the demand for local storage and with lots of competition in the hard drive and storage market, storage has been commoditized. Data's cyclical pricing as technology is improved and storage becomes cheaper.
There have been times when storage would go from $1000 to $200 in a year. It will continue to drop in price. Amazon Glacier has taken storage to a new low at the cost of a penny per gigabyte per month.
Cloud is necessary because duplicate data on multiple systems will require an exponential amount of storage.
Data hoarding is something that others have written about: see video
Data hoarding today (pictures, documents, videos, and a record of everything) It has increased the demand for local storage and with lots of competition in the hard drive and storage market, storage has been commoditized. Data's cyclical pricing as technology is improved and storage becomes cheaper.
There have been times when storage would go from $1000 to $200 in a year. It will continue to drop in price. Amazon Glacier has taken storage to a new low at the cost of a penny per gigabyte per month.
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