Seagate Eyes Cloud Storage Expansion Amid Rising AI-Driven Data Demand

The rise of AI is driving a surge in data storage needs, particularly in the realm of cloud-based storage, with hard drives emerging as the clear winner due to their scalability and cost-effectiveness.

AI is creating a massive demand for data storage solutions
Hard drives are the backbone of cloud service providers for storing vast amounts of data
Businesses that have embraced AI believe that longer data retention is essential for better results

The Data Boom: AI’s Impact on Storage Needs

Have you ever wondered how the rapid rise of artificial intelligence (AI) is reshaping our digital landscape? A recent global survey by Recon Analytics, commissioned by Seagate Technology, sheds light on this very question. Business leaders from 15 different industries across 10 countries are buzzing about the explosion of data that AI applications are expected to generate. And guess what? This surge is creating a massive demand for data storage solutions, particularly in the realm of cloud-based storage.

Hard Drives: The Unsung Heroes of Cloud Storage

When it comes to storing vast amounts of data, hard drives are still the backbone of cloud service providers. According to IDC, a whopping 89% of data stored by these providers is kept on hard drives. Why? It’s all about the scalability and cost-effectiveness of hard drives when it comes to terabytes per dollar. With nearly two-thirds of respondents (61%) from companies that primarily use cloud storage predicting their storage needs will grow by over 100% in the next three years, it’s clear that hard drives are in for a busy ride.

Roger Entner, the founder and lead analyst at Recon Analytics, sums it up nicely: “The survey results generally point to a coming surge in demand for data storage, with hard drives emerging as the clear winner.” So, if you’ve been thinking about the future of cloud services, now seems like a great time to pay attention.

Key Insights from the Survey

Let’s dive into some key findings from the survey that paint a vivid picture of where things are headed:

– A solid 72% of those surveyed are already using AI.
– For those who primarily rely on cloud storage, 61% expect their storage needs to skyrocket by over 100% in just three years.
– When it comes to AI infrastructure, storage ranks as the second most crucial component, right after security.

Interestingly, the survey also revealed a trend: businesses that have embraced AI technology believe that retaining data for longer periods significantly enhances the quality of AI outcomes. In fact, 90% of these businesses think that longer data retention is essential for better results.

The Case for Trustworthy AI

So, what does this mean for the future of AI? According to the survey, 88% of respondents using AI today believe that adopting Trustworthy AI necessitates storing more data for extended periods. This is crucial for ensuring the integrity of the data used to train AI models effectively. After all, if we want AI to be accurate and reliable, we need to give it the best possible foundation.

BS Teh, Chief Commercial Officer of Seagate, emphasizes this point: “Trustworthy AI is really the key to enabling mainstream adoption of AI.” He highlights that the majority of survey participants recognize the need for longer data storage to improve AI outcomes. To meet this demand, Seagate is focusing on innovations in areal density that will significantly boost storage capacity for their HAMR-based hard drives.

Looking Ahead

As we look to the future, it’s clear that the intersection of AI and data storage is a space to watch. With a clear pathway to more than double the per-platter storage capacity in the coming years, the potential for growth is immense. If you’re curious about the full survey results and analysis, be sure to check out Recon Analytics for a deeper dive into this fascinating topic.

So, are you ready for the data boom? The future is now, and it’s going to be a wild ride!

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Background Information

About IDC:

IDC, or International Data Corporation, is a global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. Established in 1964, IDC offers valuable insights into industry trends, market forecasts, and technology adoption through its research and analysis. Their expertise aids businesses, governments, and IT professionals in making informed decisions and strategies.

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About Seagate:

Seagate Technology, founded in 1978, is a leading data storage solutions provider that specializes in hard drives and storage solutions for consumers, businesses, and data centers. With a reputation for reliability and innovation, Seagate's products address diverse storage needs, from individual data storage to large-scale enterprise environments. The company has played a crucial role in shaping the data storage landscape and continues to be at the forefront of technological advancements.