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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/blancco-technology-group-launches-data-storage-vs-data-erasure-roi-calculator-300481272.html
SOURCE Blancco Technology Group