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Summary of trends
Between the year 1980 and 1999, the size of data storage assumed an upward trend as a
concurrent downward trend of price for data storage was observed. Also, the size of data storage
still assumed an upward trend as the price for data storage remained fairly constant between
2000 and 2009.
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Trends in Data Storage
Price
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2000 2001 2002 2003 2004 2006 2008 2010
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Trends in Data Storage
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Technological evolvement and advancement is the reason behind a consistent increase in
data storage and the cost of storing data. As technology advanced, the urge to store large chunks
of data also increased; therefore, it was inevitable to manufacture large storage devices with
time. Computer and data science experts believe that the upward trend of the size of storage
devices will continue. The downward trend for the price for data storage could be attributed to
the reduced cost of manufacturing data storage devices. The downward trend for the price for
data storage is expected to continue up to a fixed price.
The downward and upward trends for the data storage price and storage devices
respectively have positive and negative implications in the modern business world. Increased
data storage size saves time and reduces long term costs brought about by filing and accessing
information. Secondly, data stored in digital gadgets, databases, and online clouds are easily
accessible and transferable from one point to another. However, the risk of losing the data to
hackers is a high. Vulnerable systems to hackers could lead to loss of billions of money in
seconds.

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Trends in Data Storage $6,000 25000 $5,000 20000 $4,000 Price 15000 $3,000 10000 $2,000 Price 5000 $1,000 $0 Size(in MB) 0 Year Trends in Data Storage $400 1800000 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 $350 Price $300 $250 $200 $150 $100 $50 $0 Price Size(in MB) 2000 2001 2002 2003 2004 2006 2008 2010 Year Summary of trends Between the year 1980 and 1999, the size of data storage assumed an upward trend as a concurrent downward trend of price for data storage was observed. Also, the size of data storage still assumed an upward trend as the price for data storage remained fairly constant between 2000 and 2009. Technological evolvement and advancement is the reason behind a consistent increase in data storage and the cost of storing data. As technology advanced, the urge to store large chunks of data also increased; therefore, it was inevitable to manufacture large storage devices with time. Computer and data science experts believe that the upward trend of the size of storage devices will continue. The downward trend for the price for data storage could be attributed to the reduced cost of manufacturing data storage devices. The downward trend for the price for data storage is expected to continue up to a fixed price. The downward and upward trends for the data storage price and storage devices respectively have positive and negative implications in the modern business world. Increased data storage size saves time and reduces long term costs brought about by filing and accessing information. Secondly, data stored in digital gadgets, databases, and online clouds are easily accessible and transferable from one point to another. However, the risk of losing the data to hackers is a high. Vulnerable systems to hackers could lead to loss of billions of money in seconds. Name: Description: ...
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