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The Decline of Magnetic Disk Storage Cost Over the Next 25 Years

PublisherArchive Builders
Format HTMLDate added28 Apr 2004
Topics Magnetic - Optical
Downloads166

The cost of magnetic disk storage space has dropped by about forty percent per year since 1989. Each year, the managers of more and more document management projects find that the cost of required magnetic disk space has become inconsequential in planning for their system. Using the industry standard estimate of 50 thousand bytes of storage required for each scanned letter size page, and 10 thousand pages contained in each four drawer file cabinet, a GigaByte (about one thousand MegaBytes) is required to store the scanned contents of two file cabinets. Using an estimate of 50 dollars per GigaByte, based on current storage costs, the contents of two file cabinets can be stored digitally for 50 dollars.

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