Backup & Archiving Community Blog

In today’s economic climate many things may be uncertain; however, one thing you can be certain of, is that financial institutions will continue to generate data. To indicate how much more, recent research studies predict IT organizations can expect to manage 40-60 percent more storage in the coming year. The challenge is they are managing this growing information with tighter budgets.

During periods of robust economic growth, organizations may be tempted to take the “quick fix” to storage management problems. The incremental cost of adding storage is relatively small, and can be absorbed by the budget. Unfortunately during periods of tight budgets, funds are not available for incremental capacity purchases.

The good news is that many institutions have 50 percent or more storage capacity available that may accommodate the organization’s needs for the foreseeable future. On the flip side, only utilizing 50 percent of storage is like paying...