Information overload?

New data says there’s lots of new data. Great headline, bizarre research that says new data (whatever that means) stored in 2002 is 500,000 times the Library of Congress’ entire collection. Which is a lot. However we transmitted four times this amount of information around the world in the same year. Which is a lot of transfer. I guess there must be a Moore’s Law-like effect here, with a factor that expresses that we’ll store as much informtion as we can given a certain price per Megabyte. This means that info storage should grow faster than our usage of speedy chips, for example.