Google has announced a new cloud storage solution targeted at enterprises seeking to store data in the cloud without needing to retrieve and analyze the data often and in real time. Priced at 1 cent per month per gigabyte, Google's Nearline Storage allows cloud-stored data to be accessed in three seconds or less. The company is targeting this service at consumers and enterprises seeking to store media content and business documents in the cloud, without needing to constantly access and/or analyze this data.
IHS believes that this is a strategic business model alignment by Google towards the workloads they are experiencing from their customers. For many enterprises, seeking low cost "store it and forget it" cloud storage, with minimal need to retrieve this data, Google's Nearline is indeed an ideal solution.
From Google's perspective, this is the least costly storage model and a solution targeted to enterprises and consumers looking for low cost cloud storage. The solution requires minimal overhead, operation costs, maintenance and management. It is clear that simple cloud storage and retrieval is cheap.
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