Marketplace®

Daily business news and economic stories

Google launches new cloud ‘cold storage’ service

“Nearline” offers faster retrieval for older data.

If you are a business which needs to store loads of data, this week you’ve got more options for that so-called “cold storage.”

Google has unveiled a new service to store old data at a penny per gigabyte per month, and a retrieval process it says takes seconds.

The company considers this new product a “game-changer” that will make it easier to access the kind of data a business might occasionally need.

Forrester analyst Henry Baltazar sees this as a way for Google to build relationships.

“There’s a lot of things you can do once data is in the cloud but the key thing is you can’t really sell those services unless you have data,” he says.

Related Topics