The Need for Cost-Efficient Storage
Every enterprise, regardless of industry, is looking for more effective ways to manage data. Average data growth is predicted to
compound yearly between 35 and 65 percent; however, this growth is currently being managed within IT budgets that are only growing at an
average of 7 percent year-over-year!
In addition to data growth and IT budgets that are lagging behind, compliance regulations and longer retention times add to the complexity of
the data storage issues many companies are facing in today’s business world. Data management has become complicated, and costs have skyrocketed
when you take into account all of these components. LTO tape offers a reliable and affordable storage option to businesses that need innovative
and cost-effective solutions for their sensitive data.
But what are the real costs of ownership for your data over the long-term when stored on LTO tape, compared with alternative disk or
cloud-based solutions? The LTO technology
Total Cost of Ownership (TCO) Calculator gives you the ability to input your unique data storage
requirements, such as amount of data to be uploaded and length of time for storage, in order to give you an instant input on the real costs
of your data management needs.
Total Cost of Ownership in the Long Run
There are multiple reasons businesses store data over a long period of time; large amounts of data can provide companies with a source for historical analytics or monitoring consumer behavior trends, in other cases, businesses might keep a secondary copy of their data in the event of disaster recovery, or even run a primary low-cost storage solution on tape for their infrequently accessed data. With this in mind, there is a reasonable probability that a non-recurring percentage of data will be accessed on a monthly basis.
When you, as IT professionals, are looking for a low-cost storage solution for infrequently accessed data, you should include a monthly cost to retrieve some percentage of your data because in many instances data retrieval and export charges dwarf the cost of the storage. This is the only way to make a true and fair comparison to other long-term storage mediums.
Don’t get caught off guard with the fine print and hidden costs of other storage offerings! Take a harder look at hidden costs and consider the value of investing in tape technology long-term.
LTO Technology as a Long-Term Retention Solution
It’s crucial to understand that LTO technology has none of the costs associated with storing and retrieving data. In fact, LTO tape tends to get less expensive over time. Even after factoring in the costs of administration, power, floor space, energy consumption and capital expenses for hardware and software, tape technology offers a much lower TCO for rarely accessed data.
Every enterprise has a different use case, which is why the TCO Calculator allows you to input your own unique scenario and receive instant feedback on the real costs associated with managing data.
Contact your BackupWorks Account Rep today, let's
talk about your storage requirments! Call us at 866 801 2944