Enterprises struggle to balance data retention costs with compliance
A new survey of 300 IT and security professionals, commissioned by Red Canary and conducted by Censuswide, finds that just 35 percent of data stored in legacy SIEMs delivers tangible value for threat detection.
In addition, only 13 percent of organizations separate out low value data for cheaper storage in a raw data repository. Due to SIEM storage costs, 68 percent of IT security decision makers say they discard low value data and have to hope they won't regret it.
Mastering cloud cost optimization: Strategies for efficiency and resiliency
In an era driven by digital transformation, cloud computing has emerged as a game-changer for businesses of all sizes. However, as cloud adoption continues to soar, so does the need to manage cloud costs effectively. Balancing cost reduction with maintaining and increasing resiliency has become a top priority for businesses seeking to maximize the benefits of the cloud.
The need to optimize is evident, but achieving this goal can be complicated. Without appropriate cost containment and governance strategies, organizations risk falling into a continuous climb spend pattern. Often, businesses address cost optimization as a sporadic, reactive exercise -- like making annual bulk purchases of reserved instances. To break free from this cycle and achieve sustained cost efficiency, a shift towards a collaborative, ongoing and iterative approach to cost optimization and management is a key priority.
Optimizing tech spend to drive value through economic turbulence [Q&A]
Sustained economic volatility has forced organizations of all sizes to make difficult decisions. Whether it's reducing headcount, lowering operational overhead, or cutting costs in other areas, business leaders are looking to increase agility, efficiency, and flexibility ahead of a looming recession.
Global business leaders are facing a unique set of challenges, and many are looking at their tech spend as an area for cost savings. We spoke to Ryan Newsome, chief technology officer at Motus, about how enterprise decision makers can evaluate tech spend through the lens of value creation rather than simply reducing costs.
Enterprise IT leaders plan to cut cloud spending
A new study from Vega Cloud on the use of cloud software and services by enterprise IT executives shows 48 percent expect to reduce their IT spending a little or a lot in 2023.
In addition, 65 percent say that reducing their cloud spending will be a goal for this year, while three-quarters of IT execs surveyed say they plan to cut cloud costs by between 10 and 50 percent in 2023.
Strong data protection can deliver economic benefits for enterprises
As enterprises move to cloud and hybrid models they face a range of new challenges in protecting their data.
A new study from Enterprise Strategy Group (ESG), released by Commvault and Microsoft, finds that 53 percent of respondents say their IT environment was more complex than it was two years ago.
Kubernetes market matures as optimization and control of costs become key
A new survey from Pepperdata of 800 executives and senior ITOps and DevOps professionals across major industries finds the Kubernetes market is maturing, the number of clusters that are being deployed has grown to six to ten per organization.
The variety and types of workloads is increasing too, including data ingestion, cleansing, and analytics, databases, and artificial intelligence and machine learning.
Almost half of IT pros see a rise in their Kubernetes spending
A new survey of 1,000 cloud developers from Civo finds 47 percent have seen an increase in their year-on-year spending on Kubernetes clusters.
Of those who have seen costs rise, the majority saw a rise of up to 25 percent in year-on-year spend, and a significant group (10 percent) had seen a more than 50 percent increase. This is partly a result of increased adoption as 57 percent of respondents have seen an increase in the amount of Kubernetes clusters running in their organization over the last year.
IT outages cost over $12,000 a minute
The average cost of an IT Outage is $12,913 per minute according to a new report from AIOps automation specialist BigPanda.
Produced in conjunction with Enterprise Management Associates (EMA), the report also finds a correlation between IT outage costs and the size of an organization, as businesses with more than 20,000 employees lose an average of $25,402 per minute due to outages, translating to more than $1.5 million per hour.
Almost half of businesses are struggling with cloud costs
A new report published today by business monitoring firm Anodot reveals 49 percent of businesses find it difficult to get cloud costs under control, and 54 percent believe their primary source of cloud waste is a lack of visibility into cloud usage.
The report, based on a survey of over 130 US-based IT directors and executives, shows 91 percent of respondents report they currently have IT infrastructure in the cloud, while 60 percent say that migrating more workloads to the cloud is their top cloud initiative in the coming year.
Enterprise cloud costs up over 90 percent in the past year
Cloud costs are a measure of the services businesses are using, but they also reflect the wider market and the pricing strategies of providers.
Cloud native service provider Civo has carried out a survey into what businesses are spending on cloud and finds that enterprise cloud costs have risen by 93 percent on average in the past year.
The most expensive data breaches of the 2020s
Data breaches not only lead to a loss of reputation and drive customers elsewhere, they also have a significant financial cost.
A new study from Surfshark applies IBM's 'Cost of a Data Breach' calculations to the largest data breaches of the last two years in order to find the estimated cost of some of the biggest data breaches.
Controlling the costs of cloud deployment [Q&A]
Enterprises often turn to the cloud as a way of reducing their IT costs. But using the cloud by itself doesn't necessarily lead to savings, especially if there are no adequate controls in place.
We talked to Lenley Hensarling, chief strategy officer at real-time data platform Aerospike, to discover how the right management strategies can help rein in costs for public, private, hybrid, and multi-cloud deployments.
More than a third of firms hit by unexpected cloud costs
A survey of 1,000 developers at businesses of all sizes finds that 37 percent have been stung by unexpected cloud costs in the last 12 months.
The study by cloud-native service provider Civo finds that half of those affected say it was a mistake or configuration change that led to the unexpected cost as opaque and complicated cloud billing hinders proper cost planning.
TCL 30 V 5G costs $300 at Verizon
When TV-maker TCL broke into the smartphone market, many pundits and consumers were dubious that the company could be successful. Time has shown that TCL isn't just capable of making quality phones, but the company has been able to price them quite competitively too. Quite frankly, TCL phones and tablets are tremendous values.
TCL recently announced a Verizon-exclusive smartphone called "TCL 30 V 5G." As the name implies, it offers 5G connectivity. While many Android fans were excited about the phone, there was something missing in the initial announcement -- pricing. Well, folks, as of today, we now know how much the device will cost -- $300! Well, technically, it will cost a penny less than that at just $299.99...
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