Re: "99.99 per cent of the sensor stream data produced is discarded"
Good catch!
Looks like some 9's got dropped in the shuffle (as well as looking around many secondary sources had it wrong).
Lets try this again shall we?
L1 filtering 40Mhz to ~60-65Ghz (so ~.015% data retained).
L2 filtering 65Khz to 6Khz so (10% of data retained)
L3 filtering 5-6Khz to 500-600hz so (10% of data retained). So 99.99995 % of data is filtered (well before further passes are made at the data). (This math check out?)
As much as I love arguing about percents, the point is a lot of companies are hoarding the inverse (99.99% rather than 0.01, or 0.000001%), something they can "afford" to do at small scale when they don't try to do anything useful with the data, but will not scale as volumes grow.