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Internet Trends: Data Volume and Utilization are Growing Rapidly and Broadly
Mary Meeker, founder of Bond, recently released her annual Internet Trends report. At 333 slides, the report on all aspects of the Internet is comprehensive.
Meeker found that:
- Cloud services revenues of Google, Amazon, and Microsoft are collectively closing in on $14 billion, a jump of about 58% year-over-year.
- More data is now stored in the cloud than on private enterprise servers or consumer devices.
- Seven of the top 10 companies in the world by market capitalization are technology companies, and four of the top six are US-based.
- Public and private investments into tech companies is at at a two-decade high, nearing $200 billion last year.
One section of the report reviewed the explosive increase of data collection and analysis.
Data Volume + Utilization = Evolving Rapidly and Broadly
Meeker quotes Frank Bien, CEO and President of Looker, saying “data is now fundamental to how people work and the most successful companies have integrated it into everyone’s daily workflow… Data is the new application.”
“Data Plumbing Tools” are seeing growth. These tools are classified into three groups:
- Collecting data – Improve Products and Processes. Manage customer and subscriber relationships.
- Managing Connections – Organizing internal and external communication. Better communication with customers using multiple channels.
- Optimizing Data – Improve analytics, recommendations and personalization. Business insights. Fulfillment Optimization.
The cloud is overtaking data stored on-premise in enterprises and locally by consumers.
Slide 153 of Mary Meeker 2019 Internet Trends
