Technology has become more efficient in storing and processing data which means that organizations can process larger amounts of information. Cloud computing’s development provides scalable storage options, thus making the collection and storage of data easier for businesses without this limitation of classical infrastructure. Besides, big data analytics, artificial intelligence (AI), and machine learning require significant amounts of data to operate effectively. That is why companies are investing a lot in collecting data since they know that these technologies have helped them convert raw facts into useful information. As a result, businesses see the need for more investments into gathering information as well as analyzing it; henceforth leading to rampant growth in volume of data.
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