The Kardex Megamat Vertical Carousel is designed to take advantage of interior airspace to give you more room for storage. It's kind of like a high-tech version of a library ladder, but instead of the user having to go up and down, Kardex's system brings each individual shelf down to the user's height by means of a vertically rotating carousel.
In this University of Richmond video, you can see the system as adapted for an office environment to store paper files. The benefits, in addition to increased storage, are improved ergonomics, efficiency, and even security, as one door locks up a shit-ton of files. (Fast-forward to 1:04, the entire beginning of the vid is filler.)
This second video, by Kardex themselves, gives a more complete overview of the system and its features:
Stay tuned for Cool storage designs part 3, featuring a hyper-industrial riff on the vertical storage idea.
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I think such automatic storage systems are absolutely superfluous - and goddamn ugly at least. I'd choose any old classic bookshelf over this.