The hard disk drive has ruled as the king of secondary storage since the 1960s, beating tape reels and punch cards. At the time, it was the latest and greatest storage technology out there, able to access information non-sequentially and, over time, reducing its form factor and increasing its storage density so much that it’s hard to imagine any other storage tech beating it. But that’s where solid state storage comes in. Faced with the increasing viability of solid state arrays, many businesses have to face the difficult decision of whether to ditch the hard drive in favor of solid state storage.
The most obvious benefit of hard disks is their ability to store massive amounts of data. A single drive can now store up to 4 TB of information, while the largest consumer SSD is only one-quarter of that. The price of hard disk storage is incredibly low, especially when you consider …
All businesses in this technology driven world are subject to the potential disaster of data loss. Organizations that work with other people’s money, like hedge funds and banks, have to be particularly guarded against cyber attacks.
Remember how easy it was for Bane to rip off the Gotham stock exchange in The Dark Knight Rises? That scenario isn’t too far removed from real life, minus the psychopathic masked assassin. Due to the nature of the money that hedge funds manage (pensions, university endowments etc.), they must be particularly mindful of potential attacks and data loss; in the hedge fund game one mistake could mean the loss of millions of dollars. As a result, hedge funds have had to move toward many diffuse and layered forms of digital security. Backup software is always a good idea for people who hold sensitive information, and an essential safeguard for organizations that work in the digital transfer of money.
The Role of …