Leveraging Data, Information and Knowledge for a competitive advantage

Leveraging Data, Information and K presentlyledge for a competitive returns

When it comes to data and information there has always been argument as to how much you will need in order to brave the skunk amounts of data that is produced. When you attend to at it from an IT stand train there is never enough space to store a drug users data or a orders files. Storage used to be a wonders thing and an expensive thing. Back in 1956 IBM came up with the first awkward drive and they were very expensive for what little they had to offer (http://www.fortunecity.com/marina/ clench/435/ store.html). At this point this was all you where looking at and it was non available to the public either. The approach of this 5mb drive was $35.000 per year and that was considered cheap. If you look at the size compared to todays standard we caper until our stomachs hurt.
Over the years we have managed to increase this amount and humiliate the equal by a great deal. You can now get a 500gigabyte hard drive for around $150.00 and this is expensive. The cost of storage has dropped so much that the average home user can now own 1-2 or even 3 terabytes of storage. That is 5meg multiplied 1024gigabytes which is 1 terabyte and you get 5,242,880 of megabytes. If we look at this cost you are looking at 1 terabit in 1956 costing $36,700,160.



00 per year of cost. Now 1 terabyte cost a mere $400.00. If you look at the cost of storage of wherefore and now we can see there the argument factor can come in now that it is cheaper to buy. A small comp whatsoever can afford to buy mass amounts of data just like the big dogs now.
Since storage is no longer the issue in IT you have to look at other areas of what can be used on a competitive edge. Most companies have the storage they need and then some so this is not what drives the completive edge in IT any longer. Now with hardware such as servers, desktops, laptops and printers you can yet keep asking for the lower price and working with vendors is getting easier. When you...If you want to get a full essay, order it on our website: Ordercustompaper.com



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