Weighing up the costs and risks of storing data on-premises

Organisations of all sizes and across all sectors are gathering and storing data on a scale like never before. It comes with a range of associated costs and risks that can be dramatically impacted by where and how that information is stored.

As general manager of 5Nines Northern Ireland, Paul Besley manages the global firm’s newly-built Tier III+ data centre.

He said: “There is a common misconception that storing sensitive data, or indeed any information, on your organisation’s own premises, is the best solution to keep it safe. However, having the physical data close to hand and a sense that it is under your control, is not sufficient in most cases.

“The reality is that for the vast majority of businesses, the cost of providing a level of security and resilience equal to that which is available in a purpose built off-site facility is simply beyond their capabilities.

“Storing data on your own business premises can be hugely – and prohibitively – expensive.

“There is typically a large capital outlay required to purchase the associated power, cooling and security hardware and software. Money that could be spent on other critical business matters.

“A setup on a business’ own premises will also require in-house server hardware and software IT employees and security personnel on hand to provide support 24 hours a day, 365 days per year.

Read the full article here: https://www.techcentral.ie/weighing-up-the-costs-and-risks-of-storing-data-on-premises/