A report from industry analyst Butler Group claims that corporate demand for maximum uptime will result in a surge of investment in data storage, eventually gobbling up nearly two thirds of the IT budget.
The research found that fear of productivity losses caused by the unavailability of data will prompt companies to invest heavily in storage area networks and network attached storage.
Susan Clarke, a senior analyst at Butler Group, and author of the report 'Data Management: Data - The Forgotten Element of the New Economy', said: "Many organisations now accept that data is their most valuable asset, yet they are failing to take adequate precautions to guarantee the availability of that asset."
Clarke stressed that anything less than 100 per cent availability is no longer acceptable for many organisations, especially transaction oriented ebusinesses.
But the analyst said that at the same time, many companies are experiencing data growth at rates which they can not sustain, leading to a surge in the amount of storage capacity that has to be managed. "Unless organisations begin to invest major budget in storage, serious data loss could ensue," she said.
The report claims that the increased investment in storage will be so great, that by 2003 it will consume two thirds of the IT budget. Because no single storage company has a monopoly in this area, according to Clarke, "any one of a number of companies could emerge as the overall market leader".
She added that for companies to determine whether a solution is cost effective or not, it is neccessary to compare it with the cost of losing that data.
"In the majority of cases, the ultimate price of losing vital data - the loss of the business itself - will always be greater than the cost of implementing adequate storage, back-up and disaster recovery facilities," she said.
Geoengineering on the sea floor near glaciers would form a new ice shelf to prevent melting
Alterations in capillary blood flow can be caused by body position change
Curiosity rover is in 'normal mode' but not transmitting scientific data back to base
NatWest outage comes a day after Barclays' IT systems shut out customers and staff