For backups, CIOs traditionally preferred tapes—as they are
among the most inexpensive backup options. However, this advantage
of cost is offset by issues of manageability, as tapes have to be
manually loaded and tracked. Tapes have also been proven to be
unreliable for storage as they have high failure
rates—specifically when it comes to restoration of data.
“Restoring
data from a tape-based system is time consuming as tapes have to be
manually tracked and loaded. Additionally, tape-based systems are
unreliable, as they have a failure rate ranging between 30 to 40
percent,” explains C Kajwadkar, Chief Architect and VP
– Availability Services, Netmagic.
However, at the core of every problem lies a hidden opportunity
waiting to be unveiled and utilized. Netmagic sought to take
advantage of such an opportunity with its Petavault service.
Petavault is a completely automated electronic data vault service
that compresses, deduplicates, encrypts and backs up enterprise
data. As data is stored electronically and is encrypted, there are
no problems of data loss as data is transferred through a secure
line as opposed to being physically shipped through vehicles. This
also satisfies current electronic data compliance norms that
require organizations in certain industries such as Insurance to
maintain their electronic documents for as long as 15 to 20
years.
Available via a pay-per-use model, this service hopes to address
the concerns of enterprises facing issues related to quick and
efficient data restoration from traditional systems. “By
using Petavault, enterprises can benefit immensely from the best
practices that we have learnt over the years. For example, using
technologies such as deduplication and compression, enterprises
will be able to significantly cut down on their storage
requirements needs,” says Sharad Sanghi, MD and CEO,
Netmagic.
Kajwadkar says that the service has found huge demand from
enterprises—specifically in the financial services space.
Among the list of customers who have already tried out the service
include names such as NCDEX, India Infoline and Motilal Oswal.
About Author
An award-winning journalist with more than 14 years of experience, Srikanth RP is Senior Associate Editor with InformationWeek India. Srikanth is passionate about writing on topics which clearly show the business impact of technology.
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