Today we’re excited to announce the general availability of Archive Blob Storage starting at an industry leading price of $0.002 per gigabyte per month! Last year, we launched Cool Blob Storage to 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 of Blob-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.

“We have been working with the Azure team to preview Archive Blob Storage for our cloud archiving service for several months now.  I love how easy it is to change the storage tier on an existing object via a single API. This allows us to build Information Lifecycle Management into our application logic directly and use Archive Blob Storage to significantly decrease our total Azure Storage costs.”

-Tom Inglis, Director of Enabling Solutions at BP

For more detail, please see the original post at Microsoft Azure Blog.