Seagate introduced a new storage-as-a-service platform, an S3-compatible, storage-only cloud called Lyve Cloud. It enables always-on mass capacity data storage and activation. Lyve Cloud, let the customers retain full control of their data while lowering TCO for storing massive datasets. Along with this, it offers privacy, no lock-in, and no egress fees. Seagate and Equinix, a digital infrastructure company, are likely to work together to make the Cloud accessible to more customers.
A Seagate and IDC research, based on the CXO interviews of 1500 global enterprises, found that only 32% of data available to business is used. In India, the average was 33%. Enterprise data in India will grow at a 45.2% annual rate as compared 42.2% globally in the next two years. It will make India the fastest growth rate country after USA (50.5%) and Australia (46.9%). Indian firms, however, found data management, and security more tiresome than their global peers.