Current Usage
As of 2011, common uses of magnetic storage media are for computer data mass storage on hard disks and the recording of analog audio and video works on analog tape. Since much of audio and video production is moving to digital systems, the usage of hard disks is expected to increase at the expense of analog tape. Digital tape and tape libraries are popular for the high capacity data storage of archives and backups. Floppy disks see some marginal usage, particularly in dealing with older computer systems and software. Magnetic storage is also widely used in some specific applications, such as bank cheques (MICR) and credit/debit cards (mag stripes).
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