Utilising clean data to power business decision-making

In 2023 120 zettabytes of data was transacted globally

clock • 3 min read

It is not just the sheer volume of data, but also the quality of data that is pivotal to any business, writes Abhishek Vethanayagam

 According to the latest report from Statista, the total amount of data transacted globally in 2023 was 120 zettabytes. That's equivalent to 4 billion years' worth of high-definition videos on Netflix. With the arrival of low-cost computers and storage devices, this number is projected to cross 180 zettabytes. There was a time in history when the library of Alexandria had the largest collection of human knowledge and information consolidated in a single place. Today, that vast repository of scrolls would amount to just a handful of gigabytes. It is the sheer volume of data that ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Nick Eatock: Is this the end of the annual review as we know it?

Nick Eatock: Is this the end of the annual review as we know it?

Value comes from continuity of service

Nick Eatock
clock 25 September 2026 • 3 min read
Advice firms slow new tech adoption

Advice firms slow new tech adoption

Deliberate strategic decision

Jenna Brown
clock 24 September 2026 • 2 min read
'Fool's gold' warning as more than half of consumers embrace AI for decision-making

'Fool's gold' warning as more than half of consumers embrace AI for decision-making

AI is increasingly shaping the future of financial services

Laura Miller
clock 17 September 2026 • 2 min read