The Future of AI and Data Storage: A Survey Reveals
A Wave of Data is Coming
A recent global survey by Recon Analytics, commissioned by Seagate Technology, paints an interesting picture of the future of AI and data storage. Business leaders from 15 industries in 10 countries are bracing for an explosion of data as AI adoption grows, with many expecting cloud-based storage to form the centre of data repositories in the future.
Why Cloud Storage?
It’s cost-effective, especially with hard drives offering scalability at competitive terabyte-per-dollar efficiencies. IDC estimates that 89% of data stored by leading cloud service providers is kept on hard drives.
The Survey Results
According to the survey, almost two-thirds (61%) of companies using cloud as their primary storage method anticipate their cloud storage needs to more than double in the next three years. Singapore businesses, while slightly more conservative, also project significant growth, with 53% expecting similar storage expansions.
Key Takeaways
- AI adoption is widespread but varies by region – 62% of Singapore businesses say they use AI today, compared to 72% globally.
- Among cloud storage users, 53% in Singapore predict a 100%+ growth in storage needs over the next three years, slightly trailing the global average of 61%.
- Globally, storage is the second most important component for AI infrastructure, coming in just behind security.
- Retaining data for longer is seen as important for better AI outcomes – 85% of Singapore businesses and 90% globally agree.
- Trustworthy AI is a priority, with 88% of AI users recognising the need to store more data for extended periods to achieve it.
Conclusion
The findings highlight a trend: organisations are holding onto their data for longer to ensure it’s reliable enough for training AI models. Accurate results and better outcomes depend on this, and it’s fueling the need for innovative storage solutions.
What’s Next?
As AI continues to evolve, one thing is clear: businesses will need smarter, more efficient ways to store the enormous amounts of data it brings.
FAQs
* What is the main finding of the survey?
The main finding is that businesses are preparing for an explosion of data as AI adoption grows, with many expecting cloud-based storage to form the centre of data repositories in the future.
* What is the estimated growth rate of cloud storage needs?
Almost two-thirds (61%) of companies using cloud as their primary storage method anticipate their cloud storage needs to more than double in the next three years.
* What is the importance of storage for AI infrastructure?
Globally, storage is the second most important component for AI infrastructure, coming in just behind security.
