The EMC Corporation on Monday, May 2, revealed that global businesses would waste $51bn storing data on the wrong tier of storage, or storing data they no longer needed.
The firm made this known while announcing its EMC Enterprise Copy Data Management, a new software that enables organizations to control high costs of storing and managing multiple copies of the same data.
The software was unveiled at the ongoing EMC Forum 2016 in Las Vegas, United States.
The information technology firm noted that despite the reduction in the per-gigabyte cost of storage, total storage costs could rise as “lightweight, zero-cost snaps drive behaviours” that encourage businesses to create and keep multiple copies of the same data.
EMC quoted an International Data Corporation estimate, saying that “by 2018, global businesses will waste $51bn storing data on the wrong tier of storage, or storing data they no longer need.”
“eCDM, provides companies with a pan-enterprise solution to streamline their processes for monitoring, managing and analysing copy data.
“Without governance of this self-service copy creation, 82 per cent of businesses now have at least 10 copies of any single production instance of data,” EMC said.
Speaking at the event, EMC’s Senior Vice President of Data Protection and Availability Solutions, Core Technologies, Beth Phalen, said, “To modernise business processes, customers need a complete vision of all the data across the organisation — no gaps, no silos, no misinformation. eCDM is the first product to bridge the gap between data protection and data management.”
Also speaking at the event, the Chief Technology Officer of First National Technology Solutions, James O’Neil, stated that the eCDM would make it easier to provide “our customers with more insight into their data, empowering them to make informed decisions about what they’re storing and for how long.”
An analyst, a research director at Storage Systems and Software Practice, Phil Goodwin, pointed out that businesses were facing a massive challenge as regards to copy data.
“The low cost of storage means that many organisations have taken a relaxed attitude to the number of copies of data stored, but with data volumes continuing to spiral, the financial advantage of addressing the issues becomes significant.
“Furthermore, knowing that you don’t have enough copies on the right storage of critical data to meet service level objectives is a business-critical issue,” Goodwin said.