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Over the last 30 years, space per unit cost has doubled roughly every 14 months (increasing by an order of magnitude every 48 months). The regression equation is given by: Several terabyte+ drives have recently broken the $0.10/gigabyte barrier, making the next milestone $0.01/gigabyte, or $10/terabyte.
So, 1 terabyte of Jet engine data is worth roughly $303. The rise of huge data make sense, as the cost to store large amounts is now inferior to the value held by this data. Itâs similar to the mining concept where you will not dig if it costs more than the minerals that you will extract.