Business
Quantum Redefines Long-Term Data Archiving with New Class of Storage and New Line of Fully Managed Object Storage Services
Breakthrough innovations bring hyperscale cloud technology and experience to wherever data lives, enable enterprises to maintain data sovereignty and control,
About this update from Quantum Corporation
[{"type":"text","content":"Breakthrough innovations bring hyperscale cloud technology and experience to wherever data lives, enable enterprises to maintain data sovereignty and control, and deliver low total cost of ownership, reducing cold storage costs by 80%\n\n\nSAN JOSE, Calif., Oct. 5, 2021 /PRNewswire/ -- Quantum Corporation (NASDAQ: QMCO) today announced two breakthrough innovations aimed at organizations generating, storing, and managing huge amounts of data. Quantum is introducing ActiveScale Cold Storage, a new class of storage that combines advanced object store software with hyperscale tape technology to provide secure, highly durable, and extremely low-cost storage for archiving cold data. In addition, Quantum is offering a new line of fully managed Object Storage Services to bring the cloud experience to wherever data lives and accelerate digital transformation. These new offerings reduce cold storage costs by 80%, enable organizations to maintain control of their most valuable data assets, and unlock value in cold data over years and decades without expensive access fees.\n\"Quantum is fast becoming the world leader in hyperscale cold data storage solutions. We now provide solutions to many of the world's biggest hyperscale cloud providers that are on the forefront of building 'forever' cold data archives,\" said Jamie Lerner, chairman and CEO, Quantum. \"The innovations announced today enable us to combine Quantum hyperscale tape architectures with Quantum software, package all of this technology as a cloud service that can be deployed anywhere and offer it to enterprises and cloud providers who are facing the same challenges as hyperscalers.\"\nMassive data growth drives need for cold storage strategyThe world has entered a new era of data, as the quantity of unstructured data generated globally continues to grow exponentially. The gap between data growth and storage budgets is widening, and it is estimated that 60%1 of the data generated will be \"cold\" – inactive data that must be stored, protected, and remain accessible for years or decades because of compliance requirements and the immense value it contains. With traditional storage architectures, most organizations don't have the budget, footprint or resources to handle this data explosion, forcing them to make operational or budget tradeoffs.\n\"Storage capacity in the enterprise ...