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Storage: Data Growth Outpacing the Reach of Compliance
A Forrester report on data archiving finds that enterprises are falling behind. Data is growing at 50% per year for the majority of companies and even faster for some vertical industries like financial institutions. The dramatic growth is driven by compliance requirements, data warehousing and business analytics applications, and the increased availability of video and images.
The Forrester Report highlights include:
- 85% of data is never retrieved after archiving
- 50% annual growth is reported in online transactional data and repositories
- 27% of enterprises have 50 or more terabyte production databases
- 64% of enterprises have over half of their databases on costly tier 1 storage
- 20% of data center infrastructure dollars go towards data storage
The problem is compounded by the need to determine how best to archive data to support the applications that may later need to retrieve the data. Data from transactional databases, data warehousing and business analytics all have different purposes and are stored in different longterm formats.
John Bantleman of Forrester said that “Forrester’s research clearly illustrates the need for the new generation of archive stores. These deliver both massive reductions in storage footprints, through data compression, together with the security, immutability and point-in-time query capability that enables quick, simple and unimpeachable fulfilment of regulatory obligations.”
