IBM Commits $1 Billion to New Storage Software
IBM announced its new IBM Spectrum Storage software portfolio and pledged $1 billion over the next five years to change the economics of storage.IBM announced it is committing more than $1 billion over the next five years to deliver a new storage software portfolio designed to address data storage inefficiencies by changing the economics of storage with a layer of intelligent software. To that end, Big Blue unveiled its new IBM Spectrum Storage software, which creates an efficient “data footprint” that dynamically stores every bit of data at the optimal cost, helping maximize performance and security. The new IBM Spectrum Storage technology incorporates more than 700 patents and is designed to help clients transform to a hybrid cloud business model by managing massive amounts of data in a fast and easy manner from a single dashboard. The software helps users move data where they want it—from flash storage for fast access to tape and cloud for the lowest cost. The increasing use of cloud technologies is causing a seismic shift in the way companies store, move and use data. With the exponential growth in consumer data growing at nearly 50 percent year over year, companies are demanding faster, more cost-effective solutions to make smarter business decisions. This shift is also giving rise to a new paradigm of storing data—called software defined storage—that enables companies to manage massive amounts of data from a single dashboard.
"A new approach is needed to help clients address the cost and complexity driven by tremendous data growth," said Tom Rosamilia, senior vice president of IBM Systems, in a statement. "Traditional storage is inefficient in today's world where the value of each piece of data is changing all the time. IBM is revolutionizing storage with our Spectrum Storage software that helps clients to more efficiently leverage their hardware investments to extract the full business value of data."