Today we’re excited to announce the general availability ofArchive Blob Storagestarting at an industry leading price of$0.002 per gigabyte per month! Last year, we launchedCool Blob Storageto help customers reduce storage costs by tiering their infrequently accessed data to the Cool tier. Organizations can now reduce their storage costs even further by storing their rarely accessed data in the Archive tier. Furthermore, we’re also excited to announce the general availability ofBlob-Level Tiering, which enables customers to optimize storage costs by easily managing the lifecycle of their data across these tiers at the object level.
From startups to large organizations, our customers in every industry have experienced exponential growth of their data. A significant amount of this data is rarely accessed but must be stored for a long period of time to meet either business continuity or compliance requirements; think employee data, medical records, customer information, financial records, backups, etc. Additionally, recent and coming advances in artificial intelligence and data analytics are unlocking value from data that might have previously been discarded. Customers in many industries want to keep more of these data sets for a longer period but need a scalable and cost-effective solution to do so.