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Data Explosion, Circular Solution: How Refurbished Drives Can Bridge the Storage Supply Gap

Author

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  • Richard Kenny

    (Interact, Managing Director, UK)

  • Jonmichael Hands

    (Circular Drive Initiative, USA)

Abstract

The rapid proliferation of digital data and the corresponding expansion of the global storage market present a significant opportunity for the adoption of circular economy practices. With a vast amount of data being generated, demand for data storage far exceeds current manufacturing capacities, and circular markets offering second-use storage devices have the potential to fill this critical gap. However, widespread adoption of reuse models for storage media, such as hard disk drives (HDDs) and solid-state drives (SSDs), faces significant challenges, including technical issues like the lack of quality standardization and the implementation of modern media sanitization specifications. This study quantifies the economic potential of storage media reuse through a detailed market analysis from 2020 to 2028, demonstrating the viability of reuse and identifying key metrics that influence device suitability and bolster confidence in the secondary market.

Suggested Citation

  • Richard Kenny & Jonmichael Hands, 2024. "Data Explosion, Circular Solution: How Refurbished Drives Can Bridge the Storage Supply Gap," European Journal of Business and Management Research, European Open Science, vol. 9(6), pages 71-75, October.
    • Handle: RePEc:epw:ejbmr0:v:9:y:2024:i:6:id:52511
    DOI: 10.24018/ejbmr.2024.9.6.2511
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