How has technology affected storage costs over the years?
An example of an AI chatbot conversation about the impact of technology on storage costs.
How has technology affected storage costs over the years?
Technology has significantly reduced storage costs due to advancements in data compression, cloud storage, and hardware efficiency.
Can you explain how cloud storage has contributed to this reduction?
Certainly! Cloud storage allows users to pay only for the storage they use, eliminating the need for expensive physical hardware.
What about the role of data compression?
Data compression techniques have enabled more data to be stored in less space, further driving down costs and improving efficiency.
Are there any downsides to these technological advancements?
Yes, while costs have decreased, concerns like data security and dependency on internet access have emerged as potential downsides.
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