NewLaunches.com reports that a DVD that holds 1 terabyte of data has been developed.
University of Central Florida Chemistry Professor Kevin D. Belfield and his team have developed a new technology which allows users to record and store massive amounts of data on a single disc using their Two-Photon 3-D Optical Data Storage system. Belfield's team figured out a way to use lasers to compact large amounts of information onto a DVD while maintaining excellent quality. The information is stored permanently without the possibility of damage. The process involves shooting two different wavelengths of light onto the recording surface. The use of two lasers creates a very specific image that is sharper than what current techniques can render. Depending on the color (wavelength) of the light, information is written onto a disk. The information is highly compacted, so the disk isn’t much thicker. It's like a typical DVD.
That will make storage much easier whenever this technology is finally available to consumers. Newlaunches.com also has article about a terabyte holographic storage device here.