Blancco Technology Group Launches Data Storage vs. Data Erasure ROI Calculator

ATLANTA and LONDON, June 29, 2017 /PRNewswire/ -- Companies spend an average of $1,593 per raw TB of capacity on data storage costs each year, according to Gartner. These costs include annual operational expense, lease, depreciation, maintenance, installation and taxes, as well as hardware, software, connectivity, disaster recovery, occupancy and personnel. But only 15 percent of the average company's data is business-critical, which leaves 85 percent that is classified as ROT (redundant, obsolete or trivial) and dark data that could be erased. Blancco Technology Group (LON: BLTG) has today launched its Data Storage vs. Data Erasure ROI Calculator to help companies visualize just how much money they could save by erasing unneeded data.

The ROI calculator processes the average amount of data companies create and store, using a general hard cost average of $150 per terabyte of cloud storage. It then provides a side-by-side view of the average cost of storing data and the average cost of erasing data. The tool shows the cost savings delivered over time and includes a total cost savings that could be achieved after 3 years of implementing data erasure processes.

When 85 percent of the data stored by companies is deemed unnecessary and there are no data erasure processes in place, the costs of storing data compound over time. But when companies implement data erasure processes, their data storage costs will decrease significantly over time. On top of these cost savings, data erasure reduces the quantity of data that could potentially be exposed to data loss/theft in the event of a data breach. 

Below is an example of the math behind the savings for a company adding as little as 10 TB of data each year. If a company creates and stores 10 TB of data per year, the assumption is that 85 percent of that data, or 8.5 TB, is not business-critical and should be erased each year.

Compounding Costs of Storing	Costs of Erasing Unnecessary
Unnecessary Data	Data
Year 1: 8.5 TB of data = $1,275	Year 1: 8.5 TB of data = $1,088
Year 2: 17 TB of data = $2,550	Year 2: 8.5 TB of data = $1,088
Year 3: 22 TB of data = $3,825	Year 3: 8.5 TB of data = $1,088
Total Cost After 2 Years: $3,825	Total Cost After 2 Years: $2,176
Total Cost After 3 Years: $7,650	Total Cost After 3 Years: $3,264

 

Richard Stiennon, Chief Strategy Officer for Blancco Technology Group and former Gartner analyst, says the new tool provides an important first step for IT security executives and CIOs looking to reduce their data storage costs. "It's one thing to hear about the mitigated security risks and compliance other organizations have achieved through data erasure. But it's much more compelling when companies can see the impact data erasure can have on their data storage costs compounded over time. Suddenly, data erasure becomes a critical data security solution that not only minimizes exposure to data loss/theft and ensures regulatory compliance, but also delivers a better bottom line."

As companies look for ways to manage their data storage budgets, the following steps will enable them to achieve greater cost savings and a stronger security posture on a long-term basis:

• Create a data lifecycle management strategy
• Classify data types and determine the length of time required to store the data
• Know your data storage budget, including soft and hidden costs
• Determine where you can save money by erasing unneeded data, instead of storing it
• Create processes for classifying and erasing unneeded data
• Evaluate data management processes on an ongoing basis based on new technologies and changes within the organization

About Blancco Technology Group
Blancco Technology Group (AIM: BLTG) is the de facto standard in data erasure and mobile device diagnostics. The Blancco Data Eraser solutions provide thousands of organizations with an absolute line of defense against costly security breaches, as well as verification of regulatory compliance through a 100% tamper-proof audit trail. Our data erasure solutions have been tested, certified, approved and recommended by 18 governing bodies around the world. No other security firm can boast this level of compliance with the most rigorous requirements set by government agencies, legal authorities and independent testing laboratories.

The Blancco Mobile Diagnostics solutions enable mobile network operators, retailers and insurers to easily, quickly and accurately identify and resolve performance issues on their customers' mobile devices. As a result, mobile service providers can spend less time dealing with technical issues and, in turn, reduce the quantity of NTF returns, save on operational costs and increase customer satisfaction.  

For more information, visit our website at www.blancco.com.

Media Contacts:
SHIFT Communications for Blancco Technology Group (US)
David Heffernan, Account Manager
T: [phone]
E: [e-mail]

SAY Communications for Blancco Technology Group (Europe)
Robert Hickling, Senior Account Manager
T: 44 (0) 20 8971 6427
E: [e-mail]

Blancco Technology Group
Ragini Bhalla, Senior Director of Global Communications
E: [e-mail]

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SOURCE Blancco Technology Group

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