Fujifilm creates a magnetic tape that can store 580 terabytes

Fujifilm has announced that it has set a new world record by creating a magnetic storage tape that can store a staggering 580 terabytes of data.

The breakthrough, developed jointly with IBM Research, uses a new magnetic particle called Strontium Ferrite (SrFe), commonly used as a raw material for making motor magnets. Fujifilm has been investigating Strontium Ferrite as a possible successor to Barium Ferrite (BaFe), which is the leading material today.

Tape is still, by far, the most efficient and cheapest way to store loads of data that doesn't need to be accessed regularly. I find tape-based storage mediums fascinating, and this is right up my alley.