Save Storage Costs
Data is a valuable business asset, so to ensure it is protected and there is no loss of data, organisations typically back up their data daily. As storage increases, so do the associated costs, which can be a big expense especially for large institutions when the storage space requirements can reach into the petabytes.
The number of files stored on network drives builds up over time as files become redundant and get replaced with new spreadsheet models. The build-up of files for individuals can collectively lead to a large-scale impact on resource requirements across an organisation.
As the scale of files in existence increases, so do the costs associated with storing them.
It can be difficult for an organisation to manage their inventory of spreadsheets and determine whether files stored on network drives are still actively used or have become dormant. By backing up everything, including retired spreadsheets, organisations are adding unnecessary costs to the data storage costs.
How HUB85 solves this use case
HUB85 builds up a complete picture of which spreadsheets are used and how they impact the firm. Over time, data driven reports indicate which files are dormant and no longer actively used. Files that fall into this category can be safely archived and therefore would not be adding to the ongoing load of files being backed up daily.