Updated versions to bring new capabilities in cloud storage

Cloud storage industry is driven by the need for rapid accessibility and efficiency along with better security. Market players have been offering updated versions to enable new capabilities to their customers.

Companies have been determining the importance of moving their data to cloud for efficiency and convenience. Recently, Pure Storage decided to move to cloud with services running on Amazon Web Services (AWS). There are many activities that show the growth in adoption of cloud and demand for exceptional cloud storage capabilities. Cloud storage industry is driven by the need for rapid accessibility and efficiency along with better security. Market players have been offering updated versions to enable new capabilities to their customers. Tech giants have been bringing innovations in their offerings and deploying new technologies to cater to the demands of the businesses. Google Cloud Storage offers new capabilities to improve the reliability and performance of the user data. Storj Labs has revealed a public alpha for its version 3 (V3) platform to enable companies to build and access decentralized cloud storage applications. Another firm INFINIDAT has released the latest version of enterprise-class storage solution for multi-cloud computing that would offer more freedom from data gravity to their customers. These activities show that the market for cloud storage is booming. According to the research firm, the global cloud storage market is expected to reach $97.41 billion by 2022.

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Following are some of the recent activities taking place in the industry:

Google Cloud Storage with enhanced storage security:

Introducing new capabilities for cloud storage is one of the best strategies for improving the stake in the industry. Google Cloud Storage has offered new capabilities to improve the performance and reliability of user data. There will be updates for storage security to cater to needs of privacy and compliance with regulations of financial services. With new capabilities, users will possess capabilities of ensuring data safety and building reliable applications. Google has added Cloud Storage Bucket Lock for a Write Once Read Many (WORM) storage. This avoids deletion and modification of content for the given period of time. This option also offers retention lock capabilities for helping organizations meet legal and other compliance requirements. It is compatible with all tiers of Cloud Storage. There is an option to move locked data to colder storage tiers. Once the retention period is over, the data will be deleted. Two new user interface (UI) features in the Cloud Storage offers an ability for users to share the data and avail insights on data, objects, and buckets that are available publicly. An Identity and Access Management (IAM) panel replaces the public sharing option in the UI. This will avoid users from accidentally sharing their objects publicly. These capabilities ensure users will protect their data along with gaining insights.

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New version to make the firm stand out among competitors:

A new platform has been offered for companies for testing capabilities of decentralized cloud storage solutions. Storj Labs has unveiled a public alpha for its version 3 (V3) platform. Moreover, the firm released the updated white paper that contains its research on distributed and decentralized systems in cloud storage. Companies will be able to build and access decentralized cloud storage applications by running V3 on the local hardware. This move will help the company to stand out among competitors such as Filecoin, MaidSafe, and Sia and established itself as leaders in the decentralized cloud storage industry. Shawn Wilkinson, Co-Founder and CSO of Storj, outlined that the firm is offering the third iteration of the network while others have still not offered an initial product after the years of development. The firm aims for enabling rapid adoption of decentralized cloud storage through simple rewiring of existing solutions.

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New version to offer more freedom from data gravity:

Another firm INFINIDAT has released Neutrix Cloud 2.0, the latest version of enterprise-class storage solution for multi-cloud computing. The leading provider of enterprise-class data storage solutions will enable cross-regional data replication, a web-based GUI, and additional cloud integrations. Neutrix Cloud is a public cloud storage service providing file systems and volumes that can be accessed through Google Cloud Platform (GCP), Amazon Web Services (AWS), Microsoft Azure, and other environments. Gregory Touretsky, Senior Director of Product Management at INFINIDAT, stated that all enterprises require a neutral storage provider to offer cloud agility for data storage. This new version offers more freedom from data gravity to their customers.

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