- Reducing 100TB Could Save AWS Customers $27,600 Per Year on Storage
- Storage costs rise as data centers face increased demand
- 62% of workers spend too much time searching for information
As artificial intelligence strains hardware supply, many have experienced rising cloud storage costs, but there is an even easier way for businesses to reduce costs without switching providers.
A new Crown Information Management report has revealed that up to 50% of business data remains unused, taking up valuable storage space when it could otherwise be archived.
According to the data, simply deleting 100TB of cloud data could save the average AWS Standard storage customer $27,600 per year in fees, a not-so-insignificant sum.
Unused data could cost you thousands of dollars
Redundant, obsolete, and trivial (ROT) information is to blame here, often filling cloud storage spaces with duplicate, outdated, or low-value data. ROT also clutters search results and slows down auditing: three in five workers (62%) agree that they spend too much time searching for information, according to Microsoft’s 2023 Work Trend Index.
With this in mind, a cleaner storage environment could also save workers valuable time, increasing production and improving profitability.
Not only will removing old data help businesses reduce costs and increase efficiency, it could also be an important contribution to reducing emissions. Data center electricity consumption is expected to more than double by 2030 at current rates.
All that said, Crown has recognized certain data retention requirements that ultimately increase businesses’ storage costs, GDPR being one of them. “Note any narrow legal exceptions, such as recordkeeping for archival, research or statistical purposes of public interest, and include required safeguards,” the report details.
Crown also warns against excessive scanning: “Don’t scan everything. » Although digitization can reduce physical storage, it is not always the best way to preserve information.
Finally, the report advises companies to destroy what they don’t need… responsibly. This refers to the proper recycling of paper waste and electronic waste.
“Most of the companies I consult with pay to store and protect information they don’t need,” concluded Tim Rushent, EMEA chief digital officer. “By removing ROT, organizations not only save money, but they reduce risk, improve productivity and reduce their carbon footprint. »
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