Seagate is working on solving the issue of power consumption in the datacenter, according to the company’s CEO Steve Luczo.

While not going into detail, he told InfoWorld that the disk drive maker has a competitive advantage in that field.

Steve Luczo, CEO Seagate

Luczo also said the storage market will bounce back from the global economic downturn sooner than other sectors because of the growing requirement for storage at both the business and consumer levels.

He said that while IT departments could make storage efficiencies in the short-term they would eventually run out of options and have to look at new solutions.

This could be within the next two to three quarters.

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