In fact researchers at the University of California have said that the amount of information we generate has grown at twice the rate anticipated two years ago. We now have 24 exabytes of data at our disposal.
An exabyte, by the way, is one billion gigabytes. That’s 50,000 times the contents of the US Library of Congress.
Assuming that some of this ocean of data is useful, how are ordinary consumers to get any use from it? Well, IBM has come up with an answer.
Using a technique reminiscent of the punchcards used in early computers, it has found a way to store data onto polymer. At present, 25 million pages of text can be punched onto a postage stamp-sized piece of tape.
The researchers believe that this technique will eventually enable us to carry vast amounts of data on mobile phones, palm tops and even watches.
Even more data, then.
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses