Report: HDDs are becoming less reliable: is this the price to pay for cheaper, higher capacity storage?

According to the latest findings from cloud storage company Backblaze, which analyzed the annual failure rates of more than 270,000 hard drives by 2023, HDDs are becoming less reliable overall.

The comprehensive report, which covers 35 different hard drive models running for a total of nearly 90 million days by 2023, shows that the annualized failure rate has risen to 1.70%.