Data Storage

 

Reducing data storage expense

 

Although the cost of storage a Terabyte of data has fallen dramatically in recent years, the volume of data stored has led to a significant increase in the IT budget that is allocated for data storage. It is not surprising that IT organizations now focus more on reducing these costs.

One of the leading providers of data management tools conducted a survey among 300 enterprise storage IT decision-makers at more than 1,000 employees in the U.S.A. The survey revealed that 67 percent of organizations spend over 30 percent on IT storage and management. One-third of respondents (33%) spent 30-40% on IT storage and protection while 31% spent more than 40%.

A majority of respondents also predicted that they have spent more storage money in 2021 than 2020. Nearly 40% of respondents manage more than 5PB data. More than 60 percent of respondents stated that they already have more than 1 petabyte (PB) of storage. A third of respondents said that 50% of their data was cold. Another 20% said that they weren’t sure what percentage of their data was cold.

The survey also found that half of all enterprises store data both on-premises as well as in the cloud. Although, 45 percent plan to buy more cloud storage. The survey also shows that nearly half of respondents will spend more than 53% of their IT budgets on cloud storage over the next two-years.

Only 47% of respondents use tools to transfer data to secondary storage. Rest of the respondents are manually moving data to secondary storage. In most cases, they don’t treat cold data differently from warm or hot data. Positively, 56 percent of respondents said that they have created policies that can be applied systematically to manage data.

To meet future goals, reduce data storage costs

A majority (45%) of respondents indicated that they also plan to upgrade their disaster recovery and backup systems over the next 12 month. According to the survey, the top three strategic goals include investing in analytics and reducing storage costs. The survey also revealed that 40 percent of respondents want better statistically-tied visibility. 34% of respondents stated that their biggest challenge is data growth, which is driving up the cost of storage and back-up.

There is no question that managed service providers (MSPs) such as JNS, can help organizations reduce storage costs dramatically. The best data practices, which many organizations lack, would be the starting point for much of this effort. There is good news: organizations now rely on their data for strategic insights. This means that there has never been greater interest in finding the best data management practices. For the first time ever, data management is being done in isolation from the apps that created it or the infrastructure used to store it.

So, MSPs who specialize in data management have a unique opportunity to create a data management program that goes beyond backup and recovery. Now, the challenge is to ensure that potential customers are aware of this level of data management expertise. In fact, at least half of our Managed IT Services business customers initially over-subscribed their storage requirements and now looking how to recover that cost with us instead.

About Us

At JNS we partner with various storage manufacturers from small businesses to enterprise level storage needs. Not sure what you need? Let us expertise help guide you on the decision making process and allow us to leverage our partnerships to your benefit. Call us today or schedule a FREE consultation today to learn more.

Joint Network Systems
1100 Brickell Bay Drive
Miami Florida 33231
Tel: 866-JNS-NETS
www.jointnetworks.com

Data Storage

 

Reducing data storage expense

 

Although the cost of storage a Terabyte of data has fallen dramatically in recent years, the volume of data stored has led to a significant increase in the IT budget that is allocated for data storage. It is not surprising that IT organizations now focus more on reducing these costs.

One of the leading providers of data management tools conducted a survey among 300 enterprise storage IT decision-makers at more than 1,000 employees in the U.S.A. The survey revealed that 67 percent of organizations spend over 30 percent on IT storage and management. One-third of respondents (33%) spent 30-40% on IT storage and protection while 31% spent more than 40%.

A majority of respondents also predicted that they have spent more storage money in 2021 than 2020. Nearly 40% of respondents manage more than 5PB data. More than 60 percent of respondents stated that they already have more than 1 petabyte (PB) of storage. A third of respondents said that 50% of their data was cold. Another 20% said that they weren’t sure what percentage of their data was cold.

The survey also found that half of all enterprises store data both on-premises as well as in the cloud. Although, 45 percent plan to buy more cloud storage. The survey also shows that nearly half of respondents will spend more than 53% of their IT budgets on cloud storage over the next two-years.

Only 47% of respondents use tools to transfer data to secondary storage. Rest of the respondents are manually moving data to secondary storage. In most cases, they don’t treat cold data differently from warm or hot data. Positively, 56 percent of respondents said that they have created policies that can be applied systematically to manage data.

To meet future goals, reduce data storage costs

A majority (45%) of respondents indicated that they also plan to upgrade their disaster recovery and backup systems over the next 12 month. According to the survey, the top three strategic goals include investing in analytics and reducing storage costs. The survey also revealed that 40 percent of respondents want better statistically-tied visibility. 34% of respondents stated that their biggest challenge is data growth, which is driving up the cost of storage and back-up.

There is no question that managed service providers (MSPs) such as JNS, can help organizations reduce storage costs dramatically. The best data practices, which many organizations lack, would be the starting point for much of this effort. There is good news: organizations now rely on their data for strategic insights. This means that there has never been greater interest in finding the best data management practices. For the first time ever, data management is being done in isolation from the apps that created it or the infrastructure used to store it.

So, MSPs who specialize in data management have a unique opportunity to create a data management program that goes beyond backup and recovery. Now, the challenge is to ensure that potential customers are aware of this level of data management expertise. In fact, at least half of our Managed IT Services business customers initially over-subscribed their storage requirements and now looking how to recover that cost with us instead.

About Us

At JNS we partner with various storage manufacturers from small businesses to enterprise level storage needs. Not sure what you need? Let us expertise help guide you on the decision making process and allow us to leverage our partnerships to your benefit. Call us today or schedule a FREE consultation today to learn more.

Joint Network Systems
1100 Brickell Bay Drive
Miami Florida 33231
Tel: 866-JNS-NETS
www.jointnetworks.com