Disk or Tape? Guess Which Technology Has a Future. Rumors of tape’s demise have been circulating for almost 3 decades, and yet the medium is still with us. But perhaps not for much longer: Now that the cloud is muscling into the backup and archiving role, it looks like tape-based storage may be nearing its final days. As far back as 2010, The Register reported a 25% decline in tape drive and media sales. Fast- forwarding (to use some tape-derived slang) to February 2017, the same publication speculated aloud about the latest nail in tape’s coffin, in an article titled.