Next-Generation Data Storage for The Future of Storage Technology

What Is Next-Generation Data Storage?

It has become crucial to store and manage the gigantic pool of data with the emergence of larger systems, IT, and business environment. This big basket of data, today called the "next-generation data”, emphasizes the need to store data efficiently and reliably. This is where next-generation data storage came into being.

What do we understand by next-generation data storage?

Next-Generation Storage is an advanced product and solutions portfolio that supports data storage in various end-user industries including IT companies, automotive industries, data centers, and so on. With the expanding file size and the enormous amount of large and unstructured data, IT companies encounter many difficulties in data management.

Conventional data storage technologies are not able to handle large pieces of everyday data. The next-generation data storage technologies allow for efficient storage and prompt data recovery in order to replace these age-old technologies. It is the latest technology meant for addressing the growing need for better data storage and management in multiple industries.

Why do industries need next-generation data storage technology?

Next-generation data storage has emerged as a needful technology because everything used today generates data. For instance, mobile phones, wearable electronics, games, movies, ads, i.e. almost all generate data. Next-generation storage technologies are used to save and retrieve data more quickly and efficiently.

Growth in cloud computing and smart technologies is the major influential factor of smart storage space. The vast amount of data generated needs to be easily accessible and analyzed in order to improve the user experience. These intelligent storage solutions help facilitate reliable, secure and scalable solutions.

Companies across several different industries invest heavily in these technologies to gain a competitive edge while optimizing the efficiency of business processes. IT companies have a lot of problems dealing with data management due to the increasing volumes of files and the huge amount of large and unstructured data. The next-generation data storage infrastructure provides a credible, faster and cost-effective solution to meet increasing demands for data storage.

How is this technology assisting emerging industries?

·          Banking Sector

The growth of the next-generation storage devices for the banking and finance industry has been driven by an increase in online transaction smartphones, an increase in e-commerce, growth in domestic and international trade, and an increase in the need for stored data. In addition, the installed on-site deployment and the increase in private and hybrid cloud adoption are expected to boost the growth of the sector in the future.

·          Government Bodies

The public sector must deliver better services within the budget allocation and with better quality. Therefore, organizations concentrate on developing cloud technology, which in many ways can be beneficial at a lower cost. The top applications for deployments in public sectors include collaboration applications such as web conferencing and emails. In addition, storage devices in the next generation provide better data management, higher productivity, improved project management, and improved public sector content management.

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·          Telecom Companies

The telecommunications industry is a potent user of large-scale databases mainly because of the rich data and highly competitive environment around the world. For a telecom company to succeed in this competitive industry, efficient use of data science is a must. The worldwide telecoms industry finds itself in an extremely complex environment with decreased margins and congested networks. Teleservices have started to embrace big data in an effort to survive and have a lead over their competitors. A study conducted in IBM about the use of big data by telecom companies showed that 85% of respondents indicated their competitiveness with information and analytics. Big data efforts promise to improve growth, efficiency, and profitability throughout the entire telecommunications value chain.

Next-Generation Data Storage technologies:

·          Network-Attached Storage

Thanks to their easy and beneficial characteristics, small and medium-sized businesses will gradually adapt to cloud storage on the NAS. For many authenticated users, the demands for storage devices that are connected to a specific network and data accessibility from any connected device drive the growth of the NAS industry. NAS's key feature is the ability to access a single file with multiple clients. Vertical and horizontal scalability is also provided by NAS devices. Solutions like these are generally used by enterprises where data security is a priority.

·          Direct-Attached Storage

DAS is the oldest known storage system which provides a convenient solution for data storage. Compared with other storages, DAS provides a simple and cost-effective solution. Direct-attached storage (DAS) is a computer storage technology which is connected to a single computer and is not accessible to other computers. A hard disk or SSD drive is the usual form of directly-attached storage for an individual computer user. In the enterprise, individual disk drives in a server are called direct-attached storage, similar to the other groups of drives that are external to the server but are directly attached via Small Computer System Interface (SCSI), Serial Advanced Technology Attachment (SATA), Serial-attached SCSI (SAS), Fiber Channel (FC) or iSCSI.

Next-generation data storage- In a Nutshell

Next-generation storage devices are being dramatically developed mainly due to a large increase in the number of smartphone customers. Another factor is the advent of low-cost smartphones and tablets that offer increased potential for next-generation storage devices to be implemented. In addition, key suppliers are making progressive investments to realize this technology's untapped potential.

Data center applications are moving towards a transformation from a 3-tier architecture to a distributed architecture powered by light-weight, container-based micro-services. This shift to cloud-based applications is spurred by the need to deliver business agility by rapidly innovating and implementing analytical insights that rely on multiple data sources. Next-Generation Data Storage global market is expected to grow at a CAGR of 12.9% over the forecast period.