As data multiplies exponentially, companies are looking for low-cost solutions for storage of that data. Cloud storage technology is changing rapidly to meet demand, with developers creating storage options that are affordable and dynamic, handling various types of data with dexterity.
Much of the data that companies need to store is cold data that will rarely be accessed, but must be kept for regulatory purposes or to meet company standards of data storage. The variable formats of data, which can be heavy with images and video, require agility in storage options.
There are new developments in cloud storage that are making it increasingly affordable for companies to store large data files:
The cost of cloud storage will get even better. Companies excited about the low cost of cloud storage will be happy to know that costs are expected to improve with the transition from virtual machines to object storage. 451 Research reports that object storage costs have declined 14 percent in the past year, compared to virtual machines showing a five percent cut in costs. Costs are expected to drop as object storage becomes more available for mainstream enterprises.
Companies are prioritizing cloud use for disaster recovery and archiving. This is the most popular choice for introducing cloud storage, with 36 percent of cloud users listing disaster recovery as their priority for the technology. Coming in second was backup and general storage. Users generally cite the low cost as their reason for implementing a cloud solution, but the ease of management and recovery speed are also pushing the use of cloud.
Cloud storage is integrating well with on-premises software applications. Many companies are opting for a hybrid solution where they can store long-term data on the cloud while employing on-premises enterprise systems. Many suppliers of on-premises software are including integration with cloud storage in their updates. Oracle recently provided a link to its storage cloud, giving users a cloud option without having to pay for cloud licensing or gateways.
Storage solutions across third-party cloud suppliers are becoming more manageable. New developments are making it easier for a company to have cloud storage integrated across third party cloud programs. For instance, NextCloud has introduced a blockchain solution, giving enterprises the ability to create encrypted storage pools with their chosen providers. Blockchain is usually used for financial data to manage digital currency, but it is proving useful in a variety of areas.
Looking for the latest in cloud storage solutions for your company? Give TeleConsult Solutions a call to find out why we are the ideal partner for determining your cloud storage needs and facilitating a seamless integration of your solution.