The utilization of novel physical properties of materials for their possible commercial applications has opened up tremendous scope for materials research. In the last two or three decades there has been increasing interest and research, both basic and application oriented, on materials behaving smartly. Along with the developments in storage capacity, data stability, storage speed, and the saturation in magnetic recording, there are research on new materials suitable for optical or magneto‐optical storage applications. Chalcogenide compounds have been known for more than a half century as disordered semiconductors. Their potential as storage materials became recognized three decades ago. Chalcogenides have peculiar properties that make them smart enough to occupy an important class of materials known as “phase‐change” media in optical storage applications.
This article is mainly focus on the real‐time digital recording in chalcogenide compound films, though holographic recordings can also be done on these materials.