Elastic Storage is capable of reducing storage costs up to 90 percent by automatically moving data onto the most economical storage device. The technology allows enterprises to exploit the exploding growth of data in a variety of forms generated by devices, sensors, business processes and social networks. The storage software is designed for the most data-intensive applications, from seismic data processing, risk management and financial analysis, weather modeling, and scientific research, to determining the next best action in real-time retail situations. IBM Research has demonstrated that it can successfully scan 10 billion files on a single cluster in just 43 minutes. It features native encryption and secure erase, which ensures that data is irretrievable to comply with regulations such as HIPAA and Sarbanes-Oxley. Through its support of OpenStack cloud management software, it also enables users to store, manage and access data across private, public and hybrid clouds for global data sharing and collaboration. In addition to OpenStack Cinder and Swift access, it supports other open APIs, such as POSIX and Hadoop.