What is causing the slowdown in the storage sector?

4300 pts.
Tags:
Cloud storage
economy
Secondary storage

An interesting theory has arisen to explain the slowdown in the storage sector.“It’s the cloud, stupid!”The efficiency of cloud-based systems has curtailed the sales of secondary storage systems, thereby hurting the storage sector as a whole. So what do you think? Is the cloud to blame or is this too simple of an explanation.

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  • TomLiotta
    I'm not sure "blame" is the right word, but "explain" does seem partially relevant. Local storage is often sized to be far larger than actually needed, either for planned margins of error or because drive capacities have grown faster than needed by low-end customers. Consolidated storage can successfully have smaller margins. . A hundred individual businesses might each have 30% excess capacity; but a consolidated service provider for 100 customers might only need 15% excess because only a fraction of customers need to use it at a given time. Total capacity can be reduced with improved availability of excess for individual customers. . It seems like a natural evolution to me. . Tom
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  • ToddN2000
    I'm still new to "the cloud" concept. I understand the principles and possible benefits. We all know local storage has gotten dirt cheap. You can get a 3TB external drive for pc's for about $175 US. I might use the cloud for some auxiliary or duplicate back-up storage but I would not use it for sensitive data. Has anyone had any experience with a data breach or hack using cloud storage? Security would be my biggest concern.
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  • TomLiotta
    I'll paraphrase a quote I saw on the Internet a number of years ago (attributed to user ID "qnetiq", IIRC): "You'll contract out the care of your office plants; but you'll do security yourself...?" . IMO, it's a thought always worth pondering. Most individual companies can survive security breaches, though costs can be high. A cloud service provider (CSP) that suffers a breach will find a huge long-term cost in reputation. The CSP needs not only to reassure customers but also must protect its own business. . Most data stored in the cloud probably should not contain sensitive information anyway. E.g., an order file that contains customer ID numbers is far less sensitive than one that contains customer names, addresses and phone numbers. It's probably more secure to keep identification data on a separate platform. . Tom
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