In 1971, the IBM Company of USA introduced the first ‘memory disk’, as it was called then, or the ‘floppy disk’ as it is known today. IBM engineers, led by Alan Shugart invented the ‘floppy’. The first floppy was an 8” plastic disk coated with magnetic iron oxide. Data was written to, and read from the disk’s surface. The nickname ‘floppy’ came from its flexibility. The floppy disk was considered a revolutionary device at the time for its portability, which provided a new, and easy physical means of transporting data from computer to computer.