This story is from February 18, 2007

Momentum builds on data storage consolidation

R Raghavendra / TNN / Feb 18, 2007, 23:27 IST

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Data in electronic form, it is estimated, will grow globally at a compounded annual growth rate of 50% through 2010.

Momentum builds on data storage consolidation

BANGALORE: Data in electronic form, it is estimated, will grow globally at a compounded annual growth rate of 50% through 2010.
That means, every 5.5 years, the data to be managed will grow by a factor of 10. In India, generation of information/data is estimated to be growing at a higher rate, about 60-70% per annum, across organisations.
By any measure, that's huge.Unstructured data, or those billions of files and emails not stored in databases, is the greatest contributor to this growth and represents as much as 70-80% of the data an organisation has stored online.
Indian Inc is beginning now to take a closer look at how to store, access and manage these huge amounts of data. Having bought several piecemeal solutions to store data over a period of time, organisations are today sitting on silos of information. But now one can see an effort towards consolidation of data storage.

And it is expected that Indian organisations will spend 8-10% of their annual IT spending purely on storage solutions.
"Organisations are finally focusing on the 'I' of 'IT'," says Manoj Chugh, president, India and SAARC, EMC. "The goal has now changed from buying storage solutions to information infrastructure. In order to be able to re-use data, the key is to look at how to manage and access that data."
Network infrastructure giant Cisco is also beginning to see a huge momentum towards consolidation of data storage. "We offer network as a platform to store, manage and access data. The banking/finance and retail segments are taking to it in a big way," says Sumit Mukhija, national business development manager, Cisco India.

The Indian storage industry is estimated to have touched $300 million in 2006. That's small, compared to the total hardware market, at about $6 billion.
But India is the fastest growing storage market in the Asia Pacific (excluding Japan) and grew at 35% in the first half of calendar year 2006, compared to the corresponding period last year. And decisions about storage are seen to be becoming increasingly important.
Soumitra Agarwal, marketing director of Network Appliance India said, consolidation of data assets is becoming the
leading IT investment line item in mid and large enterprises, in order to have better control on, and more efficient access to, critical data.

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