The Future of Data Storage
According to a recent global survey by Recon Analytics, more than just a hunch is backing the rise of artificial intelligence (AI) applications – the facts are rolling in. Business leaders from diverse industries anticipate an explosion in data generation, primarily due to AI. This data deluge is prompting a booming demand for effective data storage solutions, particularly in the realm of cloud-based storage.
Hard Drives: The Unsung Heroes
It’s no secret that cloud service providers rely heavily on hard drives to handle vast amounts of data. In fact, an astounding 89% of data stored by leading providers is currently housed on hard drives, according to IDC estimates. As the AI revolution takes full effect, it becomes clear why hard drives are considered the backbone of cloud infrastructure. They deliver scalability and terabyte-per-dollar cost efficiencies that are hard to beat.
A Cloud Storage Surge on the Horizon
The Recon Analytics study reveals that an impressive 61% of companies utilizing cloud as their primary storage medium foresee an increase in their cloud storage by over 100% in just the next three years. This presents exciting prospects for cloud services, as they are well-positioned to encounter a surge in demand. Roger Entner, lead analyst at Recon Analytics, aptly noted that this trend underscores the essential role of hard drives in accommodating the increasing volume of AI-driven data. With businesses gearing up to pour more and more data into the cloud, it seems we are at the cusp of a second growth wave in this sector.
