Is Storage Recession-Proof?”
Enterprise Storage Forum, May 23, 2008
Despite the slowing economy and strapped financial budgets most of us are experiencing, the IT storage industry remains strong. While this may be attributed to unique reasons for each company, the combination of data growth and strict e-discovery regulations probably play a major role in its popularity.
“Storage is less discretionary because of the rapid growth of data,” said Jayson Noland, senior analyst for computer hardware and storage at Robert W. Baird & Co. “In many cases, a business is unable to delay the purchase of additional storage.”
While everyone is feeling the effects of slashed budgets, it’s good to know that some priorities have been left in place. It’s important to think ahead and invest in security measures when able. Failing to properly store your data can lead to monetary problems down the road, a costly consequence that otherwise could have been avoided.