Access "Regulations Squeeze Storage"
This article is part of the Vol. 3 No. 5 July 2004 issue of Email storage lessons learned from Citigroup
Regulatory compliance storage to soar The total storage required worldwide to accommodate records retained for regulatory compliance will grow from 376PB in 2003 to 1,644PB in 2006--a 64% compound annual growth rate--according to the Enterprise Storage Group, a storage analyst firm based in Milford, MA. Source: Enterprise Storage Group, May 2003 Regulatory compliance--it's no longer coming, it's here. Recent legislation, much of which arose in response to high-profile corporate scandals, promises to provide greater corporate transparency and accountability. And much of the compliance burden--from storage policies to procedures--will fall into storage managers' laps. While the work of determining what information is required to retain will be in the hands of a slew of legal specialists and internal and external auditors, the task of ensuring that the data is properly retained and accessible will fall squarely on the shoulders of storage professionals. Although thousands of laws requiring the retention and securing of business and public records have been on ... Access >>>
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Regulations Squeeze Storage
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