Good post in the Economist (thank you)
Information storage: A 60-year-old technology offers a solution to a modern problem—how to store all those bits and bytes cheaply and reliably
When physicists switch on the Large Hadron Collider (LHC), between three and six gigabytes of data spew out of it every second. That is, admittedly, an extreme example. But the flow of data from smaller sources than CERN, the European particle-research organisation outside Geneva that runs the LHC, is also growing inexorably. At the moment it is doubling every two years. These data need to be stored. The need for mass storage is reviving a technology which, only a few years ago, seemed destined for the scrapheap: magnetic tape.
Read on here