Google Inc (NASDAQ:GOOGL) Introduces New Cloud Storage Service

Google Inc (NASDAQ:GOOGL) is known for innovation and in its latest effort the tech giant introduced a new cloud storage service that has the capability to change how many firms view online storage. The new service is meant for everyone from startups to enterprises. With Google Cloud Storage, named as Nearline, the businesses can store the data that the company or its customers don’t need to access. It can be anything from backups to log files to older photos. The service is available for just $0.01 a gigabyte at rest.

Where do analyst foresee upcoming resistance in GOOGL?

The concept of cold storage is not something new; however the Nearline offered by Google is better and faster. Unlike other conventional cold storage service, Google Nearline will make data available in just three seconds. Tom Kershaw, the Director of Google’s product management for the Cloud said that he believes that the gap between the cost of offline and online storage had to decrease.

The online storage comes for a price, and the company need to pay it for effective businesses. The company cannot just put them into offline storage and tell users to come back after some time. This problem can be solved by Nearline. The businesses can translate the offline storage into online storage in few minutes and in this way they will be able to meet the needs of customers. They can keep their log files around for longer duration.

With Nearline, Google Inc (NASDAQ:GOOGL) wants to eradicate the loopholes in standard online storage system and cold storage so that businesses can move their files and save them in cold storage. It can be better termed as an economical product where businesses can place anything away without bothering about costs. Google is offering new cloud storage service at competitive price as it will host all the data on a single system, irrespective of online or nearline.


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Scott Coper

Scott Coper

Coper graduated from the University of Chicagi with majors in political science and journalism.