Yep. Tape does what it does really well. It's dense, cheap, durable, and consumes zero power when you're not reading/writing. Oh, and because it can be air-gapped, an offline tape archive is immune from ransomware.
It's the hours to days of latency to get access to your data that's the problem. But there are a lot of archival use cases where you can live with that, and so tape just keeps on keeping on.
