by Angela Guess

According to a new press release, “Veritas Technologies, a leader in multi-cloud data management, today announced Veritas Cloud Storage, a new software-defined storage solution designed for massive amounts of unstructured data. This storage solution enables customers to apply analytics, machine learning and classification technologies to stored data, which can help customers extract much greater value from their data, delivering better business outcomes and exceptional customer experiences. Veritas Cloud Storage can also help organizations accelerate their data center transformations with flexibility, agility, lower costs and no vendor lock-in. To complement this launch, Veritas also announced the Veritas Access Appliance, an integrated software-defined storage appliance that offers long-term data retention with multi-cloud capability.  These solutions are available in the coming quarters.”

The release goes on, “The need for modern software-defined storage capabilities has never been more pressing as data growth and data storage costs continue to grow exponentially. According to Veritas 2017 Data Genomics Survey—which analyzed more than 31 billion anonymized files globally—enterprise data repositories have grown by nearly 50 percent (48.7 percent) annually, largely driven by the proliferation of new apps and emerging technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) that leverage massive data sets.1 If data continues to grow at this rate and companies do not find more efficient ways to store and manage their data, organizations worldwide may soon be confronted with storage expenses topping billions of dollars.”

Read more at PR Newswire.

Photo credit: Veritas Technologies