Data management and monitoring is becoming cumbersome for IT managers due to an exponential increase in data volume. Organizations have limited budget to procure storage to accommodate the continual and unpredictable growth of data. Insufficient storage and inflexibility can also increase the time-to-market. Further, unplanned migrations put a burden on company bottom lines, resulting in big financial loss due to downtime. In addition, managing new data formats while utilizing the data from legacy storage platforms is also a complex task.