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Not only has the cost of acquiring and transmitting digital data plummeted, but steadily improving communication infrastructure and expanding bandwidth of easily accessed information channels allow rapid transfer of high-density data packets (such as images and voice) at minimal cost.
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Similarly, itemised phone bills let people monitor their spending more easily.As the cost of storing data plummets and the power of analytic tools improves, there is little likelihood that enthusiasm for data mining, in all its forms, will diminish.
But as cameras shrink and the cost of storing data plummets, it is individuals who are taking the pictures.In this section Every step you take Stress test Every move you make American oubliette What is it for?
So, while the processing and storage costs for maintaining large volumes of data have plummeted, the human costs associated with maintaining the data have continued to rise.
The Kuwaitis were also persuaded by a technical briefing in which United States energy officials produced new data on plummeting United States fuel stockpiles -- data that helped drive oil prices higher today.
In South Korea, December data showed exports plummeted 17.4percentt from a year ago.
After the drug companies released the negative data, their shares plummeted.
Ms. Quarles said that capital expenditures, which include spending on data centers, have plummeted to $263 million, from $846 million in the first quarter of 2008.
For large businesses "the cost of data storage has plummeted," says Andrew Carr, UK and Ireland chief executive of IT consultancy Bull.
Japan's Nikkei 225 index plunged 415.14 points, or 4.9%, to close at 8,023.31, as government data showed machinery orders plummeted by a record 16.2% in November.
Because the cost of storing and analysing the data is also plummeting, almost any action will leave a near-permanent record.
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CEO of Professional Science Editing for Scientists @ prosciediting.com