The availability of cloud services, and pressure to abide by rules and laws, is having a knock-on effect on firms' storage requirements and leading to more investment in IT storage, according to the results of recent V3 reader research.
Forty-one percent of IT professionals taking part in the study said they plan to spend more or the same as last year on storage during 2014. Data growth, regulatory compliance and cloud computing were cited as key drivers for businesses’ storage budget plans.
However, the research revealed that 41 percent of IT professionals "see no need" to upgrade from their current storage approach to newer approaches like converged storage, to get better value from their investments. Converged storage, where storage components and compute hardware are combined into one piece of hardware, is intended to increase the speed of access to important business data, simplify IT administration and offer better value.
Clive Longbottom, service director at analyst house Quocirca, said the results were "worrying". While he acknowledged that businesses that have already deployed these systems are on the "bleeding edge" of the trend, he said all firms should be considering their options or they will face problems in future.
"If you haven't started planning for what that means to you, you're going to be underperforming in what's going to start being mainstream by the end of this year," he said. "You have to sit down with your business and ask what are the desired outcomes for 2015 and start planning for what that means for your whole IT infrastructure.
"If you haven't got high availability and speed of accessibility, you're not serving the business and you'd better brush up on your CV."
The study also revealed that data protection is the biggest priority for IT professionals in 2014.
Three out of five IT professionals ranked data privacy as the key priority for their firm this year, with the same number looking for ways to improve their backup processes to protect company data.
Despite the tough economic conditions of recent years, fewer respondents were concerned about cost-cutting, with just over half citing spending reductions as a priority for the IT department.
The findings are from exclusive V3 reader research. The full report on firms' storage priorities for 2014 is available to download for free today.
You can also view the on-demand video, with insight into storage and convergence trends from HP, the head of infrastructure at real estate firm Savills and Quocirca's Longbottom.
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