Storage is seen by many in the computer industry as the critical enabling technology for many new multimedia applications. To address its rapidly increasing requirements is the key to bring forward this new technology. The increased demand for more storage capacity, coupled with the development of wide variety of applications, have considerably taxed the ability of existing storage systems namely, optical and magnetic. A new optical technology, called ""HOLOGRAPHIC STORAGE"" may offer exciting possibilities, and the promise of being the most cost-effective solution of the storage requirements of multimedia computing than any existing or projected technology.