Thai Floods Swell the Case for the Cloud
7th November 2011
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We've been watching the price of hard drives rocket as
production in Thailand grinds to a halt because of severe
flooding.
Thailand is the world's second largest manufacturer of hard
drives. Waters are still threatening to inundate Bangkok and the
number of deaths caused by flooding has risen to around 500. An
estimated 14,000 factories have been damaged, with those producing
hard drives being amongst the worst hit.
As a consequence, prices of hard drives have doubled over the
last few weeks and analysts are predicting they could
double again.
With the hard drive shortage looking set to continue into 2012,
IT managers can limit their exposure to price hikes and make
certain they have their storage needs covered by outsourcing to the
cloud.
"The repercussions of flooding in Thailand could last well into
next year and hard drives will not only increase in price but could
also become difficult to obtain," believes Oliver Mather, IT
Director at Databarracks.
Databarracks have made a commitment to their cloud customers,
both current and prospective, that they will not be passing on the
increased storage costs.
Oliver Mather adds, "With the global storage supply chain
uncertain, there has never been a better time for businesses to
move their infrastructure to the cloud. We have invested heavily in
our storage and cloud infrastructure in recent months which has
ensured our capacity will not be inhibited by the tragic events in
Thailand."
Links:
http://www.bbc.co.uk/news/world-asia-15615760
http://www.bbc.co.uk/news/technology-15534614