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Cloud Data Storage
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The growth of storage has been explosive in the past 5 years, and IT professionals and companies have witnessed it first-hand. From the year 2011 to 2015, users and organizations saw an exponential data growth that required secure and scalable storage technology.
Well, as mankind moved forward, it wanted technology to move in sync as well. The power of social media has put users in a position wherein they need storage requirements on the fly. This data can be anything viz. images or videos. Social media platform owners itself felt the need of scalable Cloud data storage for the company to move forward and sustain. The other source of data would be multi-media information, or large databases, data replication, and big data.
During the period of data explosion, there was a substantial increase in IT budgets, but for some reason the cost of storage started to decrease as we moved forward. Thus, users were spending way too much on data storage with shortfall in IT budgets. There was no room or requirement to invest in expensive hardware within an enterprise. The cost of maintaining on-premise data storage is going way out of proportion, and thus cloud data storage has been one of the most important drivers of cloud technology in the modern world.
Cloud Data Storage will continue to grow as the requirements for storage systems will increase at an exponential rate. Organizations make decisions based on data or information, and this is one of the most important aspects wherein Cloud Storage Providers can leverage substantial revenue through their paid subscriptions.
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