Data Overload Could Cost Organisations up to $3.3 Trillion by 2020: Veritas
Source: The Economic Times
Author: Priyanka Sangani
Excerpt: PUNE: A survey shows that 52% of all information stored and processed by organisations around the world is considered 'dark' data, whose value is unknown.
As per the Global Databerg Report released by information management firm VeritasBSE -1.96 % Technologies, another 33% of data is considered redundant, obsolete, or trivial (ROT) and is known to be useless. If left untamed, this dark and ROT business data will cost organisations a cumulative $3.3 trillion to manage by the year 2020.
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