Storage Ragnarök or just JPEG Compression

Humans just love to be social! Image and video is consuming data storage at an unprecedented rate, and none of this seems to be slowing down as we find new ways to share this data, with service like Instagram, Snapchat, Facebook and Whatapps (notice 3 are owned by Facebook). The last number I heard was that more than 1 Billion photos are shared every single day alone and I have no doubt this number has only increase exponentially.