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The Door Stays Wide Open Amid Data Storage Storm Information boom has firms figuring out where to keep it.(A)(STORAGE)
Byline: Brian Deagon
Investor's Business Daily
An analyst at J.P. Morgan Securities Inc. in August succinctly captured the trend in data storage this way: "The storage market is growing like bamboo shoots after a tropical monsoon. The market growth potential is immense."
By 2005, the storage market could grow to $100 billion from about $30 billion in 2001, the report continued. "We feel that the most likely impediment to reaching this goal, barring an economic train
wreck, is simply the market's ability to physically install and deploy that much."
Analysts say 2000 is the year storage rose to the same level of importance as computing and networking. It was also the year IBM elevated its storage group to the same top-level priority it gives its servers and global services businesses.
To be sure, these are heady times in data storage. A report by the University of California at Berkeley says more information will be produced in the next three years than all the data produced since the beginning of time. One estimate is that all the information in the world today, if stored on floppy disks, would create a stack 24 million miles high.
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