UPDATED 13:00 EDT / OCTOBER 25 2011

Brits Hoard over $3.7BN in Digital Assets, Most Don’t Know of the Cloud

A recent study by Rackspace- Generation Cloud reveals that the use of Cloud for the storage of digital assets and possessions is increasing more than ever.  This study was conducted by Rackspace in association with the centre for Creative and Social Technology (CAST) at Goldsmiths, University of London.  The study was conducted among 2,000 UK adults, and reveals that the dependence on cloud computing is rapidly increasing in UK, either in a knowing or unknowingly manner.  Out of all these respondents, 66 percent replied with a positive response when asked about cloud computing usage. Interestingly, many of them do not even realize that they are using these cloud services.

Some key findings from the study are as following:

  • As a group, Brits are hoarding at least £2.3bn worth of personal possessions in the cloud (Almost a quarter (24 per cent) of UK adults estimate they have £200 or more worth of music, videos, photos in their personal cloud).
  • 31 per cent of Brits say they have considered digital possessions as a potential ‘digital inheritance’ that they could leave behind when they die.
  • 11 per cent have addressed their digital entities with care – e.g. they have left passwords to their digital treasures in their will – or are at least planning to do so.
  • Over half (53 per cent) have what they consider ‘treasured possessions’ in cloud services such as Hotmail, Facebook, YouTube and Flickr.
  • Two-thirds (66 per cent) of us have our head in the clouds – we are unaware we regularly use the cloud (even though 1 in 10 spend more than 5 hours a day in it – more than 76 days in total over a year).

Take a look at this infographic for detailed figures:


Since you’re here …

… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.