Between 2006 and 2010, demand for processing cycles (MIPS, servers and the like) has slowly approached an 18 erpcent annual growth rate in the big banks. Storage, by the way, has hit 45 percent per year -- the advent of Big Data is here -- and although the unit cost of storage is still dropping, storage cost pools around the financial industry are expanding out of control. The growth phenomenon is now exacerbated by market conditions, and Moore's Law just isn't enough.
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Vatican Digitizing its Entire Library into 2.8 Petabytes of Data - AppNewser - 0 views
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