DefendX CEO, Joe Cutroneo's, Forbes Tech Council Article:
Today’s world is filled with uncertainty. From how the pandemic has shifted our working environment to the unpredictability surrounding the future of technology, the world as we know it has changed. The one constant among the many dramatic shifts as of late is the growth of data.
This explosion of data has caused organizations to reevaluate their costs as they look for ways to reduce or delay their hardware expenses. According to Gartner, 25% of the average IT budget is spent on capital, however, both operating and capital expenses can be lowered through the use of waterfall tiering. The cost savings is found by diverting nonessential data, such as historic reports, to cloud storage. By keeping only the daily used information within arm’s reach, a major cost savings can be achieved.
Organizational leaders have always relied on fast access to the data that helps them run their day-to-day operations, and this need will only escalate as we see more employees returning to the office. With the ever-changing health mandates associated with Covid-19, employers will need to regularly access employee vaccine passports, updated travel records and a record of vaccine stages if they want to maintain a safe and healthy workforce.
With a multitiered storage approach, all of this can be accomplished. Not only will leaders have more space to store necessary data, but they can put the money they save toward more pressing expenses such as cybersecurity. As an area in dire need of attention, cyber security investment will do wonders for a business. The Australian Strategic Policy Institute (ASPI) recently warned business owners that cyberattacks will continue to grow if organizations don’t urgently invest in cyber defense.