IBM announces price-competitive cold storage solutions

IBM is jumping on the cold storage bandwagon, offering a service and trying to take Amazon, Microsoft, and Google a piece of their pie. The company recently announced the launch of IBM Cloud Object Storage Cold Vault, which basically stores data that only needs to be accessed every once in a while. There will also be a cold storage service with "pay as you use" model, called IBM Cloud Object Storage Flex, coming later this year. With Amazon, Microsoft and Google already firmly positioned in this market, IBM figured the best way to compete is to brutally lower its prices.… [Continue Reading]