Free Online Tool Lets Companies See the Impact of Erasing
Data on their Data Storage Costs
ATLANTA and LONDON, June 29,
2017 /PRNewswire/ -- Companies spend an average of
$1,593 per raw TB of capacity on data
storage costs each year, according to Gartner. These costs include
annual operational expense, lease, depreciation, maintenance,
installation and taxes, as well as hardware, software,
connectivity, disaster recovery, occupancy and personnel. But only
15 percent of the average company's data is business-critical,
which leaves 85 percent that is classified as ROT (redundant,
obsolete or trivial) and dark data that could be erased. Blancco
Technology Group (LON: BLTG) has today launched its Data Storage
vs. Data Erasure ROI Calculator to help companies visualize just
how much money they could save by erasing unneeded data.
The ROI calculator processes the average amount of data
companies create and store, using a general hard cost average of
$150 per terabyte of cloud storage.
It then provides a side-by-side view of the average cost of storing
data and the average cost of erasing data. The tool shows the cost
savings delivered over time and includes a total cost savings that
could be achieved after 3 years of implementing data erasure
processes.
When 85 percent of the data stored by companies is deemed
unnecessary and there are no data erasure processes in place, the
costs of storing data compound over time. But when companies
implement data erasure processes, their data storage costs will
decrease significantly over time. On top of these cost savings,
data erasure reduces the quantity of data that could potentially be
exposed to data loss/theft in the event of a data breach.
Below is an example of the math behind the savings for a company
adding as little as 10 TB of data each year. If a company creates
and stores 10 TB of data per year, the assumption is that 85
percent of that data, or 8.5 TB, is not business-critical and
should be erased each year.
Compounding Costs
of Storing
|
Costs of Erasing
Unnecessary
|
Unnecessary
Data
|
Data
|
|
|
Year 1: 8.5 TB
of data = $1,275
|
Year 1: 8.5 TB
of data = $1,088
|
Year 2: 17 TB
of data = $2,550
|
Year 2: 8.5 TB
of data = $1,088
|
Year 3: 22 TB
of data = $3,825
|
Year 3: 8.5 TB
of data = $1,088
|
|
|
Total Cost After 2
Years: $3,825
|
Total Cost After 2
Years: $2,176
|
Total Cost After 3
Years: $7,650
|
Total Cost After 3
Years: $3,264
|
|
|
Richard Stiennon, Chief Strategy
Officer for Blancco Technology Group and former Gartner analyst,
says the new tool provides an important first step for IT security
executives and CIOs looking to reduce their data storage costs.
"It's one thing to hear about the mitigated security risks and
compliance other organizations have achieved through data erasure.
But it's much more compelling when companies can see the impact
data erasure can have on their data storage costs compounded over
time. Suddenly, data erasure becomes a critical data security
solution that not only minimizes exposure to data loss/theft and
ensures regulatory compliance, but also delivers a better bottom
line."
As companies look for ways to manage their data storage budgets,
the following steps will enable them to achieve greater cost
savings and a stronger security posture on a long-term basis:
- Create a data lifecycle management strategy
- Classify data types and determine the length of time required
to store the data
- Know your data storage budget, including soft and hidden
costs
- Determine where you can save money by erasing unneeded data,
instead of storing it
- Create processes for classifying and erasing unneeded data
- Evaluate data management processes on an ongoing basis based on
new technologies and changes within the organization
About Blancco Technology Group
Blancco Technology
Group (AIM: BLTG) is the de facto standard in data erasure and
mobile device diagnostics. The Blancco Data Eraser solutions
provide thousands of organizations with an absolute line of defense
against costly security breaches, as well as verification of
regulatory compliance through a 100% tamper-proof audit trail. Our
data erasure solutions have been tested, certified, approved and
recommended by 18 governing bodies around the world. No other
security firm can boast this level of compliance with the most
rigorous requirements set by government agencies, legal authorities
and independent testing laboratories.
The Blancco Mobile Diagnostics solutions enable mobile network
operators, retailers and insurers to easily, quickly and accurately
identify and resolve performance issues on their customers' mobile
devices. As a result, mobile service providers can spend less time
dealing with technical issues and, in turn, reduce the quantity of
NTF returns, save on operational costs and increase customer
satisfaction.
For more information, visit our website at www.blancco.com.
Media Contacts:
SHIFT Communications for Blancco
Technology Group (US)
David Heffernan, Account Manager
T: (617) 779-1839
E: blancco@shiftcomm.com
SAY Communications for Blancco Technology Group (Europe)
Robert Hickling, Senior Account
Manager
T: 44 (0) 20 8971 6427
E: blancco@saycomms.co.uk
Blancco Technology Group
Ragini Bhalla, Senior Director of
Global Communications
E: ragini.bhalla@blancco.com
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