Data is Eating the World: The new face of globalization

MGI_DataFlows_2017

McKinsey:

The growth of trade compared with the growth of GDP in this decade has been half of that in the late 1990s and early 2000s, while global capital flows as a percentage of GDP have dropped precipitously since the 2008–09 financial crisis and have not returned to pre-crisis levels.

At the same time, there is evidence that other facets of globalization continue to advance, rapidly and at scale. Cross-border data flows are increasing at rates approaching 50 times those of last decade. Almost a billion social-networking users have at least one foreign connection, while 2.5 billion people have email accounts, and 200 billion emails are exchanged every day. About 250 million people are currently living outside of their home country, and more than 350 million people are cross-border e-commerce shoppers—expanding opportunities for small and medium-sized enterprises to become “micro-multinationals.”

See also

Data Is Eating the World: Supply Chain Innovation

Data is Eating the World: 163 Trillion Gigabytes Will Be Created in 2025

Data Is Eating the World: Enterprise Edition

Data Is Eating the World: Self-Driving Cars

Advertisements

About GilPress

I launched the Big Data conversation; writing, research, marketing services; https://whatsthebigdata.com/ & http://infostory.com/
This entry was posted in Data growth and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s