For enterprises looking to optimize cloud data costs, secondary data is the place to start. What’s often overlooked is that secondary data – such as backups, archives, snapshots, and replicas – is almost always much more voluminous and costs more to store than primary data.
See More: Mythbusting the Multicloud: Five Wrong Notions Debunked Secondary Data – Eating up Cloud Budgets Where No One’s Looking As an increasing number of companies migrate to the cloud, cloud cost optimization is quickly becoming its own industry. As new compliance requirements crop up, long-term retention and archival of multiple copies of data also contribute to increased data protection costs.īy reducing cloud expenses, companies can not only improve their bottom line, but they can repurpose funds to support innovation projects with growth opportunities and increase their competitiveness. Moreover, as data grows exponentially, so do snapshots, versions, replicas, and backups, contributing an increasing percentage to an already burgeoning cloud bill. Cloud Storage Cost Optimization – A Growing IndustryĬost optimization concerns are particularly acute when it comes to data protection. Organizations must prioritize keeping storage costs low and understand why it requires operational discipline. The vast amount of storage needed to house all of this data is one of the largest cost vectors for customers in the cloud. Just as data is growing exponentially, even more so with the rapid introduction and adoption of AI technologies, so are cloud storage costs. In fact, CEO Andy Jassy has cited Opens a new window optimizing AWS spend as a major priority as this uncertain economy continues to unfold. This is especially true when cloud-related spending is estimated to rise Opens a new window another 10% by 2025, with AWS estimated to account for one-third of the current market share. The tech workforce is facing tectonic shifts and as business leaders grapple with difficult cost-cutting decisions, cloud cost optimization is emerging as a clear lever to shore up valuable dollars.
Poojan Kumar of Clumio looks at why it is necessary to implement the proper cost controls to ensure cloud storage costs remain manageable as businesses continue to rely on vast amounts of data.
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