CIOs Challenged by Big Data Costs
60% of CIOs say their data will outpace their company’s storage solution in 12 months.
46% retain data for six to 10 years due to regulation and compliance.
37% are storing between 500,000 and 1 million gigabytes of data. An additional 19% are storing 1 million to 499 million gigabytes of data.
47% anticipate storing one petabyte to one exabyte of data in two years, up from 34% today.
One of three pay between 21 cents to 30 cents per gigabyte a month. Translation: it would cost a company $3.12 million per year to store 500,000 gigabytes at an average cost of 26 cents per gigabyte per month.
46% say they’ll have to get selective about which data they keep if their budgets remain unchanged.
Three of four say they can access only 50% or less of their data within 30 seconds.
73% say up to one-half of their data will be unstructured within two years.