On Nov. 26, Google cut its standard storage prices by 20% and announced a new form of storage, Durable Reduced Availability, available for $ .07 a month per gigabyte.

Google’s Durable Reduced Availability service offers the same level of latency as Google’s regular storage, but availability might be delayed as the service undergoes a peak of demand. DRA might be suitable for data backup that can wait briefly or for batch processes that could be rescheduled, said Google’s director of new products Shailesh Rao in an interview.

On Nov. 29, Google announced an additional 10% price cut for the new service (and for its standard storage service as well). At that rate, the price for a TB of Google DRA should plunge below 2.5 cents by Feb. 1.
Network Computing