We are excited (but not surprised) about this projected “aggressive growth” as Vivian Tero, Program Director for IDC’s Governance, Risk & Compliance (GRC) Infrastructure puts it.
Also of note in the findings, cloud-based and hosted services are rapidly gaining market share.
“At the same time, on-premise vendors are investing to extend their ability to deliver their archiving applications through various cloud delivery models. Hosted or cloud-based message and social media archiving solutions will continue to close the gap over the forecast period.”
When Nextpoint built Trial Cloud (the trial preparation module of our now extensive technology platform) in 2005, it was clear to us that cloud architecture was the only future-proof and sustainable model to manage the ever expanding glut of digital data. Data stores our clients were dealing with at that time were the smallest they would ever be, and that Internet technology would only compound the amount and types of data. The Internet would be both the “problem” and “the savior” when it came to processing and managing data for discovery and trial.
Growing social networking would further complicate matters of collection and discovery and Nextpoint responded by releasing Cloud Preservation in 2010. Looks like we were slightly ahead of the curve again.
Nextpoint continues to innovate and release new functionality in Cloud Preservation every 2-3 weeks, most recently, Flickr.com integration.
Being a leader in the exciting tech development for this rapidly changing landscape is a thrill. That fact is not lost on us.