Deloitte invests $10 million on cloud computing foundations

Beverley Head
Friday, 02 October 2009 08:41

IT Industry - Market

“This $10 million investment is a reflection of the need for the business to serve clients and run the networks for Deloitte’s 4,500 employees.” He said that demand for electronic discovery and data analytics had risen by more than 20% for the last three years.

This, he acknowledged, was creating a whole new challenge for the firm “There is a lot of data being collected which is not being used. Also in electronic discovery you have to comply with requirements in a regulatory or legal sense. For example one client has a requirement to keep data for 10 years. If they have a (legal) matter then the have to make the information available.

“One client has 20,000 back up tapes – and they need a provider able to reconstitute, de-duplicate and access this information.”

Tim Fleming acknowledged the significant challenge that represented in terms of information storage and management. He said that the growth in demand for electronic discovery and data analytics services had led to storage capacity growing 400 per cent with “A couple of hundred terabytes of data being held online.”

“We will have petabytes certainly in a five year time frame.”

Veale said that in the coming five years the organisation would be responsible for maintaining significant information repositories for clients, and given the firm’s commitment to clients to maintain datasets for them throughout the lifetime of any (legal) matter, the growth in storage is likely to grow exponentially for years to come.

Cloud Computing