Cloud storage has been around for a while now and it’s getting bigger all the time: it took six years for the Amazon S3 object storage service to grow to a trillion pieces of data. Last month, less than a year after reaching the one trillion milestone, they reached two trillion objects, and the trend is set to continue. In June 2012, Microsoft’s Windows Azure storage had already reached four trillion objects and they reported a fourfold increase in the number of objects being stored that year alone. If you add up the number of objects being stored by just Amazon and Microsoft, there are approximately 847 objects stored in the cloud for every person on the planet!
The two companies will provide the ECB with connectivity services to the payments (TARGET2 and TIPS) and securities ...Continue Reading →