FINAL WORD
Six strategies for maximizing cloud storage ROI
Krishna Subramanian , co-founder and COO , Komprise , says most organizations don ’ t have a clear idea on current and predicted storage costs and how to economize nor how much data they have nor where it resides .
Enterprise IT leaders face a daunting challenge : delivering innovative solutions through new applications , data services , and AI investments while adhering to tight budgets . Cloud computing , often at the heart of these initiatives , presents a particularly uncertain landscape , especially regarding storage costs , which can significantly impact IT budgets .
Rising expenses in cloud data storage have prompted many organizations to reconsider their strategies , leading to a trend of repatriation as enterprises seek more control during these unpredictable economic times .
A February 2024 Citrix poll revealed that 94 % of organizations had shifted some workloads back to on-premises systems , driven by concerns over security , performance , costs and compatibility .
In response , senior business and finance leaders might consider a swift transition back from the cloud to curb expenses . However , cloud repatriation carries its own set of risks , including potential egress fees , the need for new hardware , security investments and other infrastructure costs .
Additionally , companies may face the challenge of re-hiring staff previously laid off . Furthermore , there ’ s a significant opportunity cost associated with missing out on enhanced collaboration , innovation , agility and access to
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