June 22, 2017 09:17 ET | Source: Taipei Computer Association

Taipei, Taiwan, June 22, 2017 (GLOBE NEWSWIRE) -- XnBay Technology, a new personal storage brand from Taiwan which aims to break through the limitation of cloud storage services and provides ultimate privacy and security to personal data, debuted its intelligent storage platform XnBay U2 at Taiwan IoT Expo in Computex Taipei 2017.

According to Grand View Research 2016, personal cloud storage market is expected to reach above USD 85 billion by 2022, thanks to the rising demand for storing and sharing personal data and beyond 4K multimedia files. Like the domino effect, more than 7 cloud storage service providers in China discontinued their free services since last year, including the well-known for a time provider which used to provide 36TB free cloud storage. This wave of closedown suggests the need for data storage transfers from public cloud to private storage sector, and people now have the idea to own their private storage for permanent use. Apple recently dropped 50% of its 2TB iCloud storage plan monthly fee, which suggests the cloud storage service becomes more competitive and the idea of paying monthly fees is not appealing. XnBay foresees this trend in advance and provides an equally convenient service like cloud solution with more privacy for consumers who do not want to upload personal files to the cloud and pay monthly charges. Unlike cloud storage services, XnBay U2 positions itself on the need for data privacy and other than that, its local storage concept also echo the rising trend of Edge Computing, which is a method of optimizing cloud computing system by performing data processing at the edge of the network, near the source of the data to process locally for efficiency and better user experience.

XnBay U2s innovative concept lies in incorporating image recognition technology into a user-friendly personal cloud platform. This unique feature helps people organize their photos by different faces, so photos can be categorized automatically and displayed by name tags easily. Visitors from Computex like XnBay due to its mass storage space, XnRAID advanced data mirroring protection, tool-less design, and friendly user interface. It is powerful with H.265/VP9 hardware acceleration engine, but not requires technical knowledge to install and learn to use. XnBay U2 is easy to access by simply log in via browser or App, beyond 16TB storage is at your disposal. All friends files from smart devices can be easily gathered to XnBay personal cloud storage platform by drag-and-drop, which realizes a fantastic solution for convenient and unlimited large file sharing on social media, intelligent file categorization, and 4K video streaming anywhere in the world, with no more limitation on file size, format, and the disturbing monthly fee. Moreover, such idea attracted buyers from China, Japan, Malaysia, Hong Kong, India, UAE and United States to show their interests and inquire about XnBay U2, as well as received numerous inquiries out of 41,300 visitors from 167 countries who visited the Taiwan IoT Expo and Computex Taipei 2017.

About XnBay: XnBay Technology as an innovative startup was invested by USI Inc., is a global ODM/EMS company providing design, miniaturization, material sourcing, manufacturing, logistics, and after services of electronic devices/modules for brand owners. Through the sales service network in North America, Europe, Japan, China, Taiwan, and manufacturing sites in China, Taiwan, Korea and Mexico, USI is capable of serving customers with balanced and diversify product/technology offerings in the sectors of wireless communication, computer and storage, consumer, industrial, and automotive electronics worldwide.

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XnBay Debuts the Intelligent Personal Cloud Storage at ... - GlobeNewswire (press release)

Federal agencies are making productive use of cloud storage, and for good reason. Like many businesses, agencies must handle a relentlessly growing volume of data.

This growth is poised to accelerate dramatically as social media, the Internet of Things (IoT), streaming video and other sources generate even more information.

Not only is this data growing, but it is also becoming more important to agencies operations, as advances in analytics generate insights that enable them to engage with citizens, adapt to changing mission priorities and make better decisions.

Federal IT leaders who want to make sure their agencies thrive in this data deluge face three central challenges:

As the name implies, hybrid cloud storage combines storage in the cloud with storage thats not in the cloud that is, on-premises in a data center. In a true hybrid environment, data is managed as a common whole regardless of the location or medium on which data is stored (such as conventional spinning disks, solid-state flash media or even tape drives).

In a hybrid environment, agencies can store their data wherever it makes the most sense operationally and economically at any given time. And it can be moved whenever it makes sense to do so. To deploy hybrid cloud storage with capabilities that deliver value into the future, IT teams also require an intelligent storage management solution.

Everybody wants storage that is cheaper, faster and more scalable, says Steven Hill, senior storage analyst at 451 Research. But the key to achieving those goals is intelligence the intelligence to use the right storage resource at the right time for the right reason.

This unified approach to storage represents a significant contrast to the way many organizations typically handle storage.

At many agencies, various silos of storage have emerged over time. Core workloads such as enterprise resource management data may reside on one disk array. Documents including those created in Microsoft Word, Excel and PowerPoint may reside on another storage device. Graphics files may be kept on still another device.

Finance and legal personnel may upload data and documents to a secure private cloud for safekeeping, while other kinds of non-sensitive data may be maintained in a public cloud environment managed by a Software as a Service partner.

This fragmented approach to data storage is economically inefficient because it limits economies of scale and forces IT staff to perform redundant tasks for each silo.

The fragmentation of storage can also be dangerous because it increases the odds that a staff member will fail to apply a critical security, compliance or backup policy to one of the silos.

These pain points and others are driving IT leaders to adopt a unified hybrid model for their data storage, especially as they face the prospect of having to store more data and get smarter about how they use and protect it.

Hybrid cloud storage pays off in many ways as data volume, variety, velocity and uses keep growing:

Superior storage economics: By aggregating storage, hybrid cloud environments improve economies of scale. Hybrid cloud also enables IT managers to continuously migrate data to the least expensive appropriate storage option which in many cases is a cloud-based service.

At most companies, 80 percent of data is inactive, notes Bob Fine, director of product marketing at Dell. So it doesnt make sense to leave that data on high-performance media that has relatively high total cost of ownership.

Unified management of all storage components also drives down day-to-day operational costs, since it enables IT staff to operate much more efficiently.

Flexible scalability: The cloud enables agencies to avoid spending large chunks of their capital budgets on storage infrastructure and eliminates the need to guess exactly how much capacity they will require at any point in the future. Most agencies would rather opt for storage as they need it, explains Deni Connor, founding analyst at SSG-NOW. Further, he adds, most smaller organizations dont have IT pros in-house who can spend a lot of time planning and strategizing about their long-term storage needs.

Automated, policy-based management: Effective hybrid cloud storage uses management intelligence to automatically migrate less utilized data to less expensive infrastructure. This automation does more than save on raw storage costs; it also enables an IT team to greatly increase the size and diversity of its storage environment without having to increase staff head count.

Every organization needs multiple tiers of storage that fulfill its varying requirements for performance, cost and availability, says Hill. The question is: How do you make sure youre putting the right data on the right tier at the right time?

Enhanced business continuity: Many IT organizations still rely on numerous separate backup mechanisms to ensure business continuity. In the event of a disaster, their ability to recover data depends on these mechanisms. This fragmented approach to business continuity slows the time needed to recover and increases the risk of failure. Hybrid cloud environments can be engineered to more efficiently and reliably ensure that all essential business data is replicated to the cloud, where it can quickly be accessed for business continuity.

More trustworthy compliance and governance: Because intelligently automated hybrid cloud storage enables IT staff to define and reliably automate data storage policies, it greatly eases compliance with regulations such as the Health Insurance Portability and Accountability Act and the Payment Card Industry Data Security Standard. Automated policies also help agencies to ensure that they dont retain certain types of content to the point where retention becomes a drawback.

Anyone whos ever been involved in legal discovery can tell you that you dont want to retain unnecessary data for too long, says Hill.

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How Hybrid Cloud Storage Can Help Agencies Meet Rising Data Demands - FedTech Magazine

Consider how you stored data with technology back in 2005.

Back then almost all computers had Wi-Fi capability to access a network and the Internet to send emails and surf the Web, but most programs, applications, and data resided on computer hard drives.

When it was time to update an application or buy a new one, you might have downloaded the application from the Internet to the computer and installed it. The program was then on your computer and would save your data to its hard drive.

The same process was true for music and video.

You might buy music via iTunes or another source for digital music, but you stored the actual music files on your computer and copied them to your iPod or other MP3 player. Video was just starting to be available for downloadthis changed significantly as Internet speeds greatly improved.

Related:Will optometry's fear of disruptive technology backfire?

Moving with the times

Jump to 2010 with smartphones and faster Internet speeds at home and in the office more commonwe started to see more streaming of audio and video. The founders of YouTube realized that people wanted to upload and view home videos they had created.

People started turning to the Internet for more data and were even storing data on the Internet to retrieve and use on different computers. Online storage services, such as Dropbox, changed the way that we stored and accessed data.

Fast-forward to today, and almost everyone over the age of 13 has a smartphone that can capture quality audio, still images, and video that can be uploaded either via Wi-Fi or cellular network. And yes, were running programs/applications on the Internet and displaying the results of the application on our computer, tablets, and smartphones. QuickBooks Online is a great example of this.

Related:Top 5 innovations in eye care

Furthermore, you no longer need much storage on your computer, tablet, or smartphone. You can allow your data and applications to reside on someone elses computerthe cloudand have access to it from as many different devices as you want or need.

Cloud computing in the practice

So, what does this mean to an eyecare provider?

It means that were able to reduce the amount of technological infrastructure that we need in our offices and homes and still have access to data and functions from just about anywhere on the planetfrom the office software that is likely running in the cloud to accounting software such as QuickBooks Online to image and data storage.

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Getting comfortable with cloud storage - ModernMedicine

Cloud storage provider Tintrifiled plans for an initial public offering that is expected to raise $100 million. The filing comes on the heels of the company posting a $105.3 million loss during its latest fiscal year.

The Mountain View, California-based company earlier this month filed its IPO intent with the Securities and Exchange Commission. There has been no date or price range set for the IPO.

Tintri provides flash-based and hybrid-flash array storage targeted at enterprise cloud deployments.

The company has secured more than $262 million in private funding since its formation in 2008. Those investors have included New Enterprise Associates, Menlo Ventures, Lightspeed Venture Partners, Insight Venture Partners, and Silver Lake Kraftwerk.

As part of its IPO filing, Tintri reported recent financial performance highlighted by revenue gains alongside growing loses. The companys revenues surged from $50 million in 2015, to more than $125 million for fiscal 2017. However, net losses also grew from $70 million to $105.3 million over the same time period.

Venturedeal, which said its not financially connected with Tintri, claimed the IPO could be valued at around $100 million. However, the firm expressed concern with the companys slowing revenue growth and high cash burn.

The company is growing revenues at a rate that is typical of successful enterprise IT software firms at this stage, wrote Donovan Jones from Venturedeal.com via SeekingAlpha. However, the story is also typical in that growth rates are decelerating as the company exceeds $100 million in annual revenues. Additionally, [Tintri] is burning through large amounts of cash to achieve those diminishing growth rates, indicating a less-than-efficient sales model as the company scales.

Cloud storage startup Nasuni last year raised $25 million in funding, which pushed its total haul to $80.5 million. Competitor Panzura earlier this year raised $32 million in new funding, pushing its total investment raised to more than $80 million.

IDC reported the flash-based enterprise storage segment continues to post robust growth and is driving the overall enterprise storage market. During the first quarter, flash storage solutions generated $1.4 billion in revenues, which was a 75.7 percent year-over-year increase. The hybrid-flash array segment generated $2 billion in revenues accounting for 22 percent of the total enterprise storage market.

Spending on traditional external arrays continues to slowly shrink while spending on all-flash deployments once again posted strong growth and helped to drive the overall market, wrote Liz Conner, research manager for storage systems at IDC.

Dan Meyer is a Senior Editor at SDxCentral, with a focus on containers, lifecycle service orchestration, cloud automation and DevOps. Dan has been covering the telecommunications space for more than 17 years. Prior to SDxCentral, Dan was Editor-In-Chief at RCR Wireless News.

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Tintri Files for IPO as Flash-Based Cloud Storage Market Surges - SDxCentral

Box, a company pushing what it touts is a secure method for companies to store sensitive work files in the cloud, is now extending that capability with a new feature called Box Drive.

As Box has always described itself as a cloud storage company, it would be easy to consider this business as usual. But Box CEO Aaron Levie clarified how Box Drive differs from the current product.

Previously, Levie tells Fortune , users had to log onto the website to see all their files and folders, and synchronize what they selected to their local device. Box Drive, on the other hand, streams all of that content so it shows up directly on the desktop.

Box Drive lets you navigate all of their corporate assets from your local machine, without them actually being stored on your hard drive," adds Alan Lepofsky, vice president of Constellation Research.

Related: Look for Box to Get Tighter With Google Cloud

Box Drive is based on technology the company acquired when it bought Stream, a file streaming specialist, two years ago.

Box Drive shows up on the user's desktop like any other drive. But all the other Box features the customer already haslike encryption key management and Box Zones, which determines where the business's data is stored geographicallyare applied.

Some countries, like Germany and Australia, have strict requirements that user data stay in the country of origin, which is what Box Zones enforces. Box runs its own data centers in some regions, while using Amazon Web Services ( amzn ) and IBM ( ibm ) cloud data centers in other areas.

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All Box users can try out Box Drive now. When it is generally available later this year, it will carry no additional cost to Box customers.

Box faces stiff competition in the cloud file storage space. Microsoft ( msft ) has OneDrive , Google ( goog ) has Google Drive , and Dropbox, a consumer fan favorite, is also pushing into business accounts.

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Box Says Its Latest Cloud Feature Puts Nearly Unlimited File Storage at Your Fingertips - Fortune