What is an Exabyte?
An exabyte is a multiple of a byte, which is the unit of file size for storing digital information. Since exa indicates multiplication by the sixth power of 1,000, an exabyte is equal to one quintillion (1,000,000,000,000,000,000) bytes or 1,000 petabytes (or 1,000,000 terabytes).
Why would my company need an exabyte of storage?
Big Data is growing exponentially. In 2006, the world was generating 161 exabytes of data each year. Just 14 years later, we churn out an additional 2.5 exabytes of data every single day. And while we’re producing loads of data now, it’s nothing compared to what’s coming—for example, storage for the media and entertainment industry alone is projected to grow about 13.3x between 2017 and 2023, and the storage capacity for human genome data is estimated to reach 40 exabytes by 2025.
An organization’s ability to compete will increasingly depend on its ability to mine ever larger datasets, most of it unstructured, to gain valuable insights.
Wasabi hot cloud storage provides inexpensive, high-performance, exabyte-scale cloud storage. With our single-tier approach, there’s no issue of traditional multi-tier implementations and agonizing price/performance decisions. All data stored in Wasabi is active and readily available at prices that are 80% cheaper than AWS S3.