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Memory and Storage Needs Soar While Miniaturization Lowers Prices, Business and Industry Trends Analysis

The unstoppable trend of miniaturization is fueling tremendous product innovation.  This trend generally leads to better, faster products at lower prices.  It also leads to devices that use less energy.  Technology consumers, whether for business or personal use, have an ever-increasing need of memory and storage.  Think, for example, of the exponentially growing number of pixels contained in a photo made by a digital camera.  On the corporate end, paperwork, customer files, vital intellectual property and more have become digitized and must be stored for current or archival access.

The solution to the data storage question is miniaturization.  Not too many years ago, relatively small amounts of digital data required entire rooms for storage on magnetic tape costing thousands of dollars.  Meanwhile, mobility is a major factor.  Flash memory, a silent, ultrafast storage technology with no moving parts, has become a standard medium.

 


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