Data Storage You Cant Refuse

 
 
By eweek  |  Posted 2004-07-18
 
 
 

Equipping data-storage systems to comply with new financial legislation is becoming an expensive burden on budgets, according to analysts.

As companies prepare for the first onslaught of auditors under Sarbox financial legislation expected to arrive at year-end, nearly $5.5 billion will be spent to reach compliance, with more than half of that spent on hard expenditures, including data storage, according to AMR Research.

According to a study led by Berkley researchers Peter Lyman and Hal Varian and supported by Microsoft Research, Intel, HP and EMC, the amount of new information stored on paper, film, optical and magnetic media reached about 5 exabytes--or 5 million terabytes--in 2002.

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