Can You Save Money with Cloud Storage Solutions?


Many companies have successfully saved costs by migrating to cloud for Azure cloud storage and cloud computing services. Organizations save on capital investments with cloud solutions vis-à-vis buying expensive physical storage infrastructure.
The question is whether cloud storage solutions actually save you a lot of money or not?
In this article, we aim to answer this question –


Less maintenance with cloud storage

Companies that have physical storage infrastructure in place, have to spend a lot of money on its maintenance regularly.
This is a constant worry for organizations dealing with sensitive workloads. With cloud storage solutions organizations can leave their worries behind and rely on the cloud for storage gateway.
Companies can focus on their productivity rather than provisioning storage resources as well as maintenance, governance, and security on workloads.

Lower electricity costs with cloud storage

With cloud storage solutions, organizations save up on electricity bills a lot. Storage infrastructure running constantly consume a lot of power and adds great amounts to your electricity bills.
Cloud storage solutions rid you off completely or minimize on premises physical storage infrastructure.
With less or no infrastructure you are saving electric power and maintenance costs like on HVAC which need to be in place for regulating temperature and humidity at acceptable levels.


Lower staffing costs with cloud storage

Trained IT staff is required for handling legacy storage infrastructure. IT staffing requires a lot of budget and investment. Cloud storage solutions are automated and require minimal human intervention.
Data administers can manage the storage and backup processes by setting policies easily with a simple management interface.
Manual efforts for managing storage consumes a lot of time. It also leaves room for human error which accounts for most of the data loss cases. Cloud storage solutions can be integrated with automation to make backup and storage faster and more efficient.

Fewer Capital costs with cloud storage

Cloud storage solutions reduce capital expenditures (CAPEX) and convert them into operational expenditures (OPEX). Capital expenditures and upfront costs are difficult to arrange. Archive Cloud storage solutions follow the pay-as-you-go model for costs and it gives organizations the freedom to remove or add resources based on their demand.
By using cloud-based services like software-as-a-service (SaaS), infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) a lot of cost is saved. As arranging resources for development gets complex. The organization can leverage these services to increase productivity at a low cost.
Disaster-recovery-as-a-solution (DRaaS) can be deployed to save heavy costs on setting up and managing DR sites at different locations.

Conclusion

The answer is a resounding ‘yes’. Organizations can save up to millions with cloud storage and cloud computing solutions in place. The capital investments are greatly reduced as well as the operational costs. Electricity and maintenance bills drain a lot of cash out of organizations and with cloud storage solutions organizations don’t have to worry about it.

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