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The figure below shows our projections of the raw storage cost in $/GB historically and over the next few years.
Sure, SSDs are already expensive, but four high-capacity drives would put the raw storage cost at over $1500.
Note that magnetic tape provides the lowest raw storage cost in this projection with LTO 7 media costs at less than a penny per GB.
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The figure below compares the historical and projected raw storage costs for SSDs, HDDs and a data point for the LTO magnetic tape format.
HDDs (particularly 3.5-inch HDDs) have maintained about a 10X difference in raw storage costs compared to SSDs and in 2016 the media cost of storage for LTO tape was available for about a penny per GB.
Analyst firm IHS estimated that storage cost Apple $0.42 per GB of storage.
A Replay box with 30 hours of storage cost $499.
This is due to the continued increase in storage density on tapes driving the costs of storage on digital tape to less than a penny a GB (<10/TB) with the new LTO 7 tape format featuring a 6 TB raw storage capacity.
Energy storage cost must come down.
This 4U product has a 360TB/node raw capacity with a minimum of 6 nodes providing 2.16PB of raw storage capacity.
Organizations have to figure out a way to increase analytical capacity, not just raw storage capacity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com