Storage Power Demands in Key Industries

As data is a critical element of the digital economy, how to store and utilize it effectively is essential for the digital transformation of various industries. However, due to differing business characteristics, each industry has unique storage power requirements.

Overall Industry Demands

Across the board, major industries are demanding higher standards in key storage metrics, including read/write performance, capacity, reliability, cost-effectiveness, and overall economics. These improvements aim to better handle the massive data generated during digital transformation, maximizing data value and empowering each industry.

Industry-Specific Requirements

When considering specific industries, each tends to select storage solutions that best fit their business needs, costs, and other factors.

Banking and Financial Services

As early adopters of digital transformation, the financial sector has comprehensive and high storage demands. The key characteristics of banking and financial operations include high throughput, low latency, 24/7 uptime, extreme security, and high reliability. These ensure that banking services can handle surges in transactions efficiently and securely. Therefore, mainstream financial institutions predominantly use all-flash storage, featuring high-performance enterprise-grade SSDs. This configuration builds a high-performance, high-throughput, low-latency, and secure storage system, enhancing operational efficiency.

Telecommunications

The telecom industry is a driving force in digital and information reform, with complex and diverse storage needs. On one hand, basic telecom operations like fixed-line and communication services primarily focus on capacity and cost. On the other hand, the development of AI, 5G, cloud computing, big data, and IoT technologies propels telecom operators towards deeper digital transformation, leading to the growth of new cloud-centric services.

The influx of vast amounts of unstructured data, the surge in multithreaded operations, and the need for secure storage of core data create high and comprehensive storage demands. To some extent, telecom operators’ storage needs mirror those of financial services, aiming to build performance-driven, low-latency, secure, and reliable storage systems that support efficient and healthy business operations.

Internet Industry

The internet industry, born in the digital economy era, focuses on balancing performance and economic efficiency. Different internet sectors have varying storage needs based on their specific operations.

For example, e-commerce platforms handle a massive number of users, vast orders, and real-time data updates. They encompass various systems such as live selling, membership, note-taking, reviews, and short videos. The business models include real-time browsing, pre-purchase inquiries, payment, after-sales service, logistics, and content sharing by users. Significant sales events like "Double 11," "618," and Chinese New Year cause exponential data surges.

These business models necessitate high performance, stability, reliability, and security in storage systems.

In contrast, short video platforms have different storage needs. Most users are content consumers, focusing on watching and browsing videos, while a smaller number of users are content creators. Therefore, typical storage scenarios involve more data retrieval (content consumption) than data storage (content creation). This requires continuous high read performance due to the high frequency of large-scale read operations.

By addressing the specific storage needs of each industry, we can ensure that businesses are well-equipped for their digital transformation journeys.