Mashable recently noted that Google launched a new storage platform for “cold data”, i.e., infrequently used and accessed information. Cold data is often kept for legal or regulatory reasons, so the service is designed with these businesses in mind. The new platform, called Google Cloud Storage Nearline, costs just $0.01 per GB at rest each month. Other services like this already exist. Amazon Glacier, for example, has comparable pricing. A huge advantage for Google’s Nearline, however, is that it promises it will take mere seconds to access your cold data unlike Amazon’s Glacier which can take “several hours.”.

You can read the full Mashable article here.