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Not many companies have thought about digital storage costs. Is this true, and why is this so?
Many companies are not approaching storage holistically, so they can’t analyze the true costs of storing their digital and paper-based information.
In the face of the current data explosion, storage itself is actually cheap. However, with information comes risk. Data can be subject to compliance regulations, such as SEC mandates, legal discovery requests, and security concerns with confidential and sensitive information like social security numbers. Some information is even a liability and needs to be permanently destroyed. These risks cannot be addressed by simply storing the information with a “cost per gigabyte” model.
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