Guest post from Amir Jaibaji, ILG Product Management - Program Director, IBM
Usually when people think about hoarding, they imagine piles of papers, crates of clothing or a house filled with cats. But in the digital age, data hoarding has become a huge issue for organizations across multiple industries. Growth is out of control, and the fact that data storage is cheap is no longer the answer to this problem. Data storage costs are consuming IT budgets—leaving little room for much needed upgrades and technology projects.
According to Computerworld, data capacity on average is growing at 40 percent to 60 percent year over year in enterprises. This is due to a number of factors, including an explosion in unstructured data, such as email and documents that have to be stored due to regulatory requirements that continue to evolve and change.
This growth represents an enormous challenge to IT organizations. Consider these three ways a data-hoarding tendency could be harming your business:
Rising Costs: Storage may be cheap, but it adds up fast. The cost to store, administer and back up one petabyte of data is approximately US$4 million every year.
Increased Risk: Highly classified information, personal files, and data that’s subject to legal review needs to be stored or disposed of—but it has to be done in an intelligent way to protect your business from damage.
Missed Opportunities: The data in your organization could be delivering a huge amount of value. But unless you have processes in place to take advantage of it, you’re missing out.
How can you protect your business from the rising costs and increased risk of data hoarding, and what can you do to turn information overload into a competitive advantage? Join IBM Content 2014, coming soon to a city near you, to get the answers. Learn how to identify the data that matters to your business, find out how to get rid of old, obsolete data, see how to identify sensitive and potentially damaging content, and get the insights you need to put your information to work for you—instead of having it work against you.