Rising Cost of Data, a Sleeping Giant for UK Businesses
2022年12月2日 - 4:40AM
ビジネスワイヤ(英語)
Seagate expands Lyve Cloud to UK, helping
businesses address ‘unsustainable’ cost of data storage and
management
Seagate® Lyve™ Cloud storage as a service is expanding to the UK
to help address the rising costs of data management. In a new
survey (available on demand) “The UK data management costs and
opportunities index, 2022 edition” from Seagate Technology (NASDAQ:
STX), British businesses are spending an average of £213,000 per
year just on storing and managing their own data. The survey
reveals companies are prioritising spending on data over energy
costs, as well as employee welfare and training. The findings,
which come during today’s global macro-economic crisis, highlight
the urgent need for businesses to rein in their data costs.
According to the 2022 Global DataSphere forecast report by IDC,
211 zettabytes of data will be generated globally in 2026. This is
translating into budget headaches for British businesses. Seagate’s
survey, which polled senior IT decision-makers at companies with
more than 1,000 employees, reveals UK businesses are spending up to
one third of their IT budgets on data storage and management alone.
Over half (52%) of those surveyed describe this level of spending
as ‘unsustainable.’
In addition to the financial strain these rising costs will
place upon companies, UK innovation is also at stake. Digital
innovation is essential to the success of businesses – unlocking
that requires the ability to access and put to work all data
available within an organisation. In the recent Multicloud Maturity
report from Seagate we have seen that companies with a high level
of maturity in storing and managing data in a multicloud bring new
solutions to market 6 times faster than competitors with a lower
level of maturity.
The vast majority of IT decision-makers (90%) are concerned
about the rising costs, but what’s more, the majority (51%) believe
that their management does not always realise the scale of the
problem. Nearly two thirds (64%) of those surveyed believe that the
way data storage and management is currently priced discourages
innovation.
Seagate Lyve Cloud UK Expansion
The survey was commissioned by Seagate as company expands its
Lyve Cloud storage-as-a-service to the UK. Seagate’s S3-compatible
cloud storage offers customers a simple, trusted, and
cost-efficient way to unlock the value of their massive
unstructured datasets, helping to drive innovation.
Lyve Cloud reduces storage infrastructure cost and complexity
which are preventing organizations from making full use of their
data. By leveraging Lyve Cloud in scenarios such as data analytics,
data repository for content collaboration, and backup/disaster
recovery, organizations can break data silos, get insights from
their data and reduce dramatically their total cost of
ownership.
“UK Businesses are using and storing data at unprecedented
levels and Seagate Lyve Cloud equips them with true multi-cloud
flexibility, world-class security, and long-term cost
predictability,” said Ravi Naik, Seagate’s executive vice president
of storage services and CIO. “Companies that minimize data costs
and maximize data innovation, win. Lyve Cloud empowers businesses
to manage and transfer mass data easily, rapidly and securely
across various storage environments unlocking significant savings
and accelerating digital transformation and innovation.”
Launched in the United States in 2021, Seagate Lyve Cloud now
has over 50 companies in its ecosystem network. UK customers
include Twickenham Studios, Ovation, and PXGeo, which collaborate
with Seagate to help businesses take full advantage of their cloud
infrastructure.
“Our clients’ main pain points involve efficient data management
in the multicloud. They need to access their data quickly, and also
gain knowledge from this data in a cost-effective way. Lyve Cloud
has all the features that we need: security, reliability, and of
course, no lock-ins,” explained Mark Bashforth, CEO at Ovation
Data. "Getting up and running within Lyve Cloud took only a matter
of hours and it complements our existing systems. Cost is on every
business leader’s mind, so having a clear line-of-sight appealed to
us and we’re excited to be one of Seagate’s first customers in the
UK.”
In this challenging economic environment, UK businesses now have
another cost to worry about -- the unsustainable cost of data
management. Companies need to optimise spending but also face the
explosion of data costs -- enterprises have experienced 30% growth
in data-management spending over the past year, with over half of
businesses believing it will be unsustainable in 3 years, according
to the Seagate study. More efficient data management is essential
to cost savings, innovation, and, ultimately, winning.
For more information on how to solve your cloud infrastructure
challenges with Seagate Lyve Cloud and to know more about the
recent use cases, please visit:
https://www.seagate.com/services/cloud/storage/
Notes to editors
In partnership with third-party research vendor Vitreous World,
Seagate Technology fielded a 9-question survey among 502 UK IT
decision-makers in businesses with more than 1,000 employees, from
6th -13th October 2022.
About Seagate
Seagate Technology crafts the datasphere, helping to maximize
humanity’s potential by innovating world-class,
precision-engineered mass-data storage and management solutions
with a focus on sustainable partnerships. A global technology
leader for more than 40 years, the company has shipped over three
billion terabytes of data capacity. Learn more about Seagate by
visiting www.seagate.com or following us on Twitter, Facebook,
LinkedIn, YouTube, and our Blog.
©2022 Seagate Technology LLC. All rights reserved. Seagate,
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of Seagate Technology LLC in the United States and/or other
countries.
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Ekaterina Wilk Ekaterina.wilk@seagate.com
Seagate Technology (NASDAQ:STX)
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