The ongoing quest for higher data storage density has led to a plethora of innovations in the field of optical data storage. This review paper provides a comprehensive overview of recent advancements in next-generation optical data storage, offering insights into various technological roadmaps. We pay particular attention to multidimensional and superresolution approaches, each of which uniquely addresses the challenge of dense storage. The multidimensional approach exploits multiple parameters of light, allowing for the storage of multiple bits of information within a single voxel while still adhering to diffraction limitation. Alternatively, superresolution approaches leverage the photoexcitation and photoinhibition properties of materials to create diffraction-unlimited data voxels. We conclude by summarizing the immense opportunities these approaches present, while also outlining the formidable challenges they face in the transition to industrial applications.