61% of respondents expect their enterprise “HDD-backed” cloud storage to grow more than 100% by 2028
FREMONT, Calif.–( BUSINESS WIRE )–According to a recent Recon Analytics global survey commissioned by Seagate Technology, business leaders from 15 industries and 10 countries expect the adoption of artificial intelligence (AI) applications to… Generating unprecedented data volumes, leading to a boom in demand for data storage, particularly cloud storage.
With hard drives offering scalability compared to the cost efficiency of a terabyte per dollar, cloud providers rely on hard drives to store large amounts of data. Recently, analyst firm IDC estimated that 89% of data stored by major cloud providers is stored on hard drives2. Now, according to a Recon Analytics study, nearly two-thirds (61%) of companies using the cloud as their leading storage medium expect their cloud-based storage to grow more than 100% over the next three years.
The survey results generally point to a coming increase in demand for data storage, with hard drives emerging as the clear winner, noted Roger Entner, founder and principal analyst of Recon Analytics. When you consider that the business leaders surveyed intend to store more and more of this AI-based data in the cloud, cloud services seem well-positioned to ride a second wave of growth.
Key findings:
- 72% Those surveyed say they use AI today.
- 61% Of the respondents who mostly use cloud storage say so Cloud storage will increase by more than 100% over the next three years.
- storage It is classified as Second most important A component of the AI infrastructure, With safety rating No. 1.
- In order of importance: Security, Storage, Data Management, Network Capacity, Computing, Regulations, MBA, Energy
- Among those companies that have adopted artificial intelligence technology, 90% believe that retaining data longer improves the quality of AI results.
- 88% of respondents using AI today believe that adopting trustworthy AI requires an increasing need to store more data for longer periods of time.
The survey results demonstrate the trend toward organizations retaining data for longer periods of time to ensure the integrity of the data needed to optimally train AI models. For AI innovation and adoption to continue, AI results and outcomes must become increasingly accurate.
Trustworthy AI is truly the key to enabling mainstream adoption of AI,” said BST, Seagate's Chief Commercial Officer. With the vast majority of survey respondents saying they need to store data for longer periods of time to improve AI quality results, we are focused on innovating the areal density needed to increase the storage capacity per platter in HAMR-based hard drives. We have a clear path to more than doubling our storage capacity per plate over the next few years.
To view comprehensive survey results and analysis, visit Recon Analytics.
About Seagate technology
Seagate is a leader in large-capacity data storage. We've delivered more than four and a half billion terabytes of capacity over the past four decades. We create scalable storage, bringing trust and integrity to data-driven innovation. In an age of unprecedented innovation, Seagate stores endless possibilities. To learn more about how Seagate drives storage innovation, visit www.seagate.com and our blog, or follow us on X,Facebook(NASDAQ:), LinkedInand YouTube.
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1 The November 2024 survey sampled more than 1,000 business decision makers who are actively working in a storage infrastructure role with companies that reported annual revenues of more than $10 million and that have already adopted AI or plan to adopt AI within the three years Coming. The survey results provide insights into the current impacts of the use of AI applications on infrastructure priorities as well as the dynamics of data retention and management. The findings also explore participants' expectations for how increased AI adoption will impact infrastructure needs over the next three years.
2 according to IDC's 2024 Cloud Infrastructure Index report.
View source version on Businesswire.com: https://www.businesswire.com/news/home/20250113613380/en/
Andrea Kirby (NYSE:), andrea.l.kirby@seagate.com
Karen Taylor, karin.h.taylor@seagate.com
Source: Seagate Technology Holdings plc
