If you often find yourself asking, “How do I keep up with explosive data growth when my storage budget is failing to keep pace?” you are not alone. According to an Enterprise Strategy Group survey, 63% of surveyed organizations report 20 percent or higher annual rates of data growth, yet average annual IT budget growth is a mere 4 percent. So how does one get ahead of the storage demand curve?
Consider this: an assessment conducted by a third party storage vendor reveals that 49 percent of data, once created, is almost never accessed and one third of storage is consumed by less than 0.1 percent of files. All of this data is stored on very expensive primary storage. It does not belong there!
Infrequently accessed data is a prime candidate to be archived to the cloud. You can store data in the cloud for less than half a penny per GB of data. And, cloud storage infrastructure scales infinitely, so you will never run out of storage. Moving infrequently accessed data to the cloud will let you stretch your dollar to fit your storage budget!
Today, I am excited to announce that we are adding archive storage to the Oracle Cloud Infrastructure service portfolio. Oracle Cloud Infrastructure Archive Storage is purpose-built to store all your long living, infrequently accessed data. Whether you have a need to offload data from your primary storage array, or you wish to archive data for a long duration to stay compliant with government regulations, we have you covered. With prices as low as $0.003/GB per month, Oracle Archive Storage offers a compelling reason for you to archive infrequently accessed data to the cloud.
At Oracle, we believe in keeping things simple. In line with that theme, you will be able to continue managing archive storage data using the Oracle Cloud Infrastructure Object Storage interfaces you're accustomed to. Once you have an account, to start using Archive Storage, you'll need to create a Bucket and specify the Archive Storage tier to be associated with the Bucket. All data uploaded to this specific Bucket will be stored on the Archive Storage tier. It's that simple! A word of caution though. Please choose the storage tier for your bucket carefully. Once set, the storage tier property of the bucket cannot change. An Archive Storage bucket cannot be upgraded to Standard Storage and vice versa.
So, what is the difference between Oracle Cloud Infrastructure Object Storage and Archive Storage? Use Object Storage to store 'hot' data that you need unrestricted and immediate access to at all times. Archive Storage is ideal for storing 'cold' data that you do not need to access instantaneously. To read data from Archive Storage, you need to first 'Restore' the data (using the restore work flow) to a staging area in Object Storage, where it can be read. It takes approximately 4 hours from the time a restore request is made to the time data can be read. Data stays in Object Storage for a fixed period of time after which the data is returned back to the Archive Storage pool and becomes inaccessible once again. Please note that even though you cannot instantaneously access data in the Archive Storage, you can retrieve the archived object's metadata at all times.
We understand how important it is for our enterprise customers to be able to accurately predict their storage costs. Keeping that in mind, we have simplified the pricing for Archive Storage. You no longer need to worry about complex pricing related to multiple storage bands, data access costs, minimum objects sizes, data deletion fees so on and so forth. None of that applies to Oracle Cloud Infrastructure Archive Storage.
Oracle bills on just three simple dimensions:
* Archive Storage data needs to be stored for a minimum duration of 90 days. If data is deleted before the 90 day embargo is up, you will be charged a prorated deletion fee
You can find Archive Storage pricing information here. If you need additional information about Oracle Cloud Infrastructure Archive Storage, please review the Archive Storage FAQs and the Archive Storage documentation.
As always, if you have any additional question related to Archive Storage or you would like to provide feedback, please post your comment below or reach out to me directly. I look forward to hearing from you!
Rachna Thusoo, Director of Product Management