The amount of data generated in a modern company
18 February 2024Data accumulation boundaries
18 February 2024When considering the latest trends in data storage, assuming that a company outsources storage issues to cloud companies that specialise in it and places half of its data in cloud storage. The cost of storage in this case averages $0.015 per gigabyte per month and monthly storage costs will grow linearly by $10-50 every month.
This means that for a small company of 10 people, where data is often only used once and then archived, the monthly cost of data storage alone can reach $2,000-$3,000 per month in a few years, creating a significant financial burden on the business.
Putting half of the data in the cloud increases a company's monthly storage costs to $2,000-$3,000 per month for a 10-person company
The accelerated proliferation of cloud-based CAD (BIM) technologies and cloud-based ERP systems further fuels the growth of company costs, which sooner or later is reflected in the need to find solutions to optimize existing or find new methods of data storage and processing.
