Corporations Struggle with High Costs of Data Storage
Across a broad range of different industries, one major IT difficulty persists – data storage is a difficult undertaking. Companies all have massive amounts of data saved on various networks, and managing it all is a massive challenge, requiring a great deal of hardware, software, funding and technical support. Even in today's business climate, where cloud computing is making waves, companies are still struggling to manage all those files they're saving day in and day out.
According to the third annual State of Virtualization Survey released by DataCore Software, many companies are still struggling with the costs and performance issues associated with data storage. Of the 477 IT professionals the firm surveyed, 44 percent said that disproportionate storage costs prevented them from virtualizing more of their workloads, and 42 percent noted performance degradation or inability to meet performance expectations.
Often, corporate IT departments are kept on very tight budgets – 51 percent of respondents said their storage budgets remains stable in 2013 compared to 2012, and 20 percent say their funding has gone down. The portion of IT officials with rising virtualization budgets dropped from 38 percent in 2012 to 30 percent now. Storage makes up a significant portion of the cost of virtualization, as DataCore CEO George Teixeira notes.
"The findings make it clear – storage is the 'big' problem IT pros must solve today," Teixeira said. "The value and need to virtualize critical applications is now well recognized, but soaring storage costs and unpredictable performance workloads associated with virtualization and consolidation projects continue to impede their progress."
Why not try the cloud?
There's an obvious solution to this data storage problem – more companies need to embrace the power of cloud computing, which makes data storage a more efficient and cost-effective endeavor. According to CFO Magazine, cloud adoption is an issue that companies' chief financial officers should champion. By taking a hands-on approach to the cloud, CFOs can become more involved in their companies' legal and financial affairs.
The news source explains that while the cloud is powerful, it also comes with liability issues related to outages and data loss. By getting involved with the cloud, CFOs can control how the cloud affects their bottom lines. If adopted responsibly, the cloud can help not only with storage, but also with communication, collaboration and project management, among other areas.
According to DataCore's findings, 80 percent of IT officials are still reluctant about adopting cloud solutions for data storage. In the future, companies should work to combat this reticence.