CIOs Challenged by Big Data Costs

CIOs Challenged by Big Data Costs

Fast TrackFast Track

60% of CIOs say their data will outpace their company’s storage solution in 12 months.

Keeper LeagueKeeper League

46% retain data for six to 10 years due to regulation and compliance.

Information OverloadInformation Overload

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.

Grand PlanGrand Plan

47% anticipate storing one petabyte to one exabyte of data in two years, up from 34% today.

Price QuotePrice Quote

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.

Tough CallTough Call

46% say they’ll have to get selective about which data they keep if their budgets remain unchanged.

Out of ReachOut of Reach

Three of four say they can access only 50% or less of their data within 30 seconds.

Loose ArrangementsLoose Arrangements

73% say up to one-half of their data will be unstructured within two years.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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