Attacks spur call for data storage

Posted On Tuesday, 16 October 2001 03:01 Published by
Rate this item
(0 votes)
DATA-storage firms expect a surge in demand as clients scramble to secure data in the wake of last month's attacks in the US.

DATA-storage firms expect a surge in demand as clients scramble to secure data in the wake of last month's attacks in the US.

StorageTek vice-president Bruce Taafe said that after the attacks companies had become increasingly mindful of securing their data and gaining access after disasters.

This had led to an increase in the demand for data storage internationally, and SA's data-storage sector expected to mirror this trend.

In the short to medium term, local storage providers could expect to see a significant increase in business as a result of the new demand.

The local storage market made up only 0,8% of the global market, which was valued at about $4bn.

Taafe predicted solid growth in SA in the next year, driven by continuity disaster recovery, a component of data storage. Continuity disaster recovery keeps a company's operations going by providing it with its key data requirements.

DataPro technical director Gary Sweiden agreed with the growth projections. He said local clients began to look at the importance of storage after the attacks, which had caused a boom for some international companies such as Electronic Data Systems, which provided data hosting to a number of clients in the World Trade Centre.

Sweiden says Electronic Data Systems' success in providing clients with key data to keep their businesses operational had caused a surge in demand for that companies services.

The local storage sector had come under financial pressure, along with the slide of the rand as importing storage equipment became more expensive.

Taafe said the price of storage had started falling significantly, and, coupled with extra capacity, had become cheaper to implement.

Local experts say companies which had invested in data storage realised a return on their investment within a year.

Growth in storage is also expected to stem from the drive towards ebusiness and increased focus on new technology applications.

Already some applications dependent on storage capacity, such as e-business applications, enterprise resource planning and customer relationship management have recorded 100% growth.

Publisher: Business Day
Source: Business Day

Most Popular

SA property visionary John Rabie announces new global property joint venture

Mar 15, 2021
Capital, the Geneva based property investment, development and asset management-business,…

Repo rate unchanged at 3.5%

Mar 25, 2021
The Monetary Policy Committee has decided against altering the repo rate, deciding to…

Court finds against EAAB in battle for FFCs

Mar 16, 2021
Tony C
In a scathing judgement handed down from the High Court on 15 March, the failure of the…

KZN residential property market poised for upswing

Mar 15, 2021
Over the past three years, the KwaZulu Natal (KZN) property market has enjoyed…

SARB to hold but is a rate hike around the corner?

Mar 16, 2021
SARB_to hold_rate_hike
The South African Reserve Bank (SARB) is set to hold the repo rate at the 23-25 March…

Please publish modules in offcanvas position.