According to an analysis released by IDC, the world's storage quotient of data grows at the rate of 53% per annum. Every year, more content is generated than the year before, driven both by the increasing number of files stored and the size of the files themselves.
Digital technology is both the solution and the problem - unencumbered by the physical properties of paper, digital files are now received, stored and distributed online in an endless number of forms, from documents to spreadsheets to videos to Web pages and images.
The more data we need to store, the more we need to figure out how to keep track of it all. How much time is lost when a client contract cannot be found? How often are two employees separately editing a single document? How can you find a presentation given at a meeting when it's stored with an obscure file name on a computer you probably can't access?