I got one of these thumb drives a week back and was a bit amused at how small it was yet it can carry as much as 16GB of data. Data storage has really gone a long, long way in the last decade.
I can still remember ten years ago, back in college, when I got a new Seagate HDD with a 13GB capacity for Php5,500. Today, you can get that for the same or even bigger capacity at a fifth of the price and with the size of a regular SIM card.
In those days, the rate was about Php500 per GB. Today it’s about Php5.60 per GB (a 1.5TeraByte Seagate HDD costs Php8,370). That’s almost a hundred folds cheaper byte for byte.
Go back another half a decade and the difference is even much bigger — my first hard drive was a 20MB HDD from Priam (a hard drive manufacturer back in the 90s).
If you can just plot the rate for storage capacity and their price, I’m sure we’ll be talking petabytes in the next decade.