I. Executive Summary
There is no question that we live in the age of information. The focus of the world economy has shifted from physical production to the importance of data: statistics, carmit facts, figures, numbers and records are highly valued in the business world. As this shift continues, the importance of information in a business escalates. Nearly all of a professional organization’s data exists in an electronic format, and as the value and volume of data increases, so does the demand for adequate storage space to house it.
The solution? Data archiving.
Companies have large amounts of data, and a large percent of it needs to be retained. Only 25% of the data within an organization is freshly created; the rest is redundant data, or data that was created in the past and must be preserved for future reuse.
This situation has created a high demand for information storage, a demand that carries both monetary and logistic concerns. Data archiving allows organizations to efficiently retain this mass of redundant data, often for very long periods of time, so that it can be accessed when necessary.