When it comes to data backup, storage, and transferring computer files, the technical world is constantly changing. After the floppy disk and CDs were developed, the flash drive was invented.
In 1989 Dov Moran, an Israeli entrepreneur, inventor, and investor, formed the company M-Systems. The company was a pioneer in the flash data storage market and invented the USB Flash Drive (DiskOnKey), the Flash Disk (DiskOnChip) as well as other innovative flash data storage devices.
The DiskOnKey is an increasingly popular alternative for data storage and archiving, replacing the more traditional optical storage systems. The obvious advantages of USB flash drives are that they are smaller, faster, have thousands of times more storage capacity than other storage methods. They are more durable and reliable because they have no moving parts. Additionally, they are immune to electromagnetic interference (unlike floppy disks), and are unharmed by surface scratches (unlike CDs). Without flash storage, it is questionable if smartphones, tablets, MP3 players, digital cameras, or any of the other consumer devices so common today would even exist.
In April 1999, a US patent was registered on the DiskOnKey. It was sold in the US in a partnership with IBM, and was sold to the public with the logo of the American corporation. The first USB flash drive had 8 MB of memory and cost $50. In 2006 SanDisk Corporation acquired M-Systems for $1.55 billion.