Data Compression - Outlook and Currently Unused Potential

Outlook and Currently Unused Potential

It is estimated that the total amount of the information that is stored on the world's storage devices could be further compressed with existing compression algorithms by a remaining average factor of 4.5 : 1. It is estimated that the combined technological capacity of the world to store information provides 1,300 exabytes of hardware digits in 2007, but when the corresponding content is optimally compressed, this only represents 295 exabytes of Shannon information.

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