Relentless digital data growth is inevitable as data has become critical to all aspects of human life over the course of the past 30 years. Newly created worldwide digital data is expected to grow at 30% or more annually through 2025 mandating the emergence of an ever smarter and more secure long-term storage infrastructure. Data retention requirements vary widely, but archival data is rapidly piling up. Digital archiving is now a required discipline to comply with government regulations for storing financial, customer, legal and patient information. Most data typically reach archival status in 90 days or less, and archival data is accumulating at over 50% compounded annually.
Many data types are being stored indefinitely anticipating that eventually its potential value might be unlocked. Industry surveys indicate nearly 60% of businesses plan to retain data in some digital format 50 years or more and a growing amount of archival data will never be modified or deleted. For most organizations, facing terabytes, petabytes and even exabytes of archive data for the first time can force the redesign of their entire storage strategy and infrastructure. As businesses, governments, societies, and individuals worldwide increase their dependence on data, archiving and data preservation become a critical practice.
It’s time to develop your game plan! Check out this white paper from Horison Information Strategies to learn more.