According to a recent McKinsey report, the average company adopting cloud technologies could achieve up to 180% ROI in business benefits. As organizations deepen their engagement with cloud computing, many face unexpected costs, particularly in Infrastructure-as-a-Service (IaaS) and cloud storage, due to complex pricing models and hidden fees. These costs can end up being 2-3 times higher than initially advertised, increased by rapid data growth of up to 40% annually and unpredictable usage patterns.
Many businesses might re-evaluate their cloud strategies to find more profitable ways to manage their expanding data assets. To solve these challenges, we are bringing you a cost-effective cloud storage solution – Wasabi Cloud.
Read on to know how transparent pricing by Wasabi Cloud can help your business achieve cloud cost optimization, efficiency and improve overall ROI.
Minimize Cloud Cost Optimization Challenges
Cloud cost optimization is a complex task that requires a multifaceted approach. A recent survey conducted by Vanson Bourne in association with Wasabi, shows that most companies plan to store more data in the cloud and are increasing their budgets for it. However, nearly half of what companies spend on cloud storage goes to extra fees, not actual data storage. These unexpected costs are causing many businesses to overspend their cloud storage budgets. As a result, there’s a clear need for a more affordable and predictable cloud storage solution that doesn’t surprise companies with hidden fees.
Solving Challenges of Cloud Cost Optimization, Source: Wasabi
Wasabi hot cloud storage presents an efficient alternative for businesses looking to maximize their cloud storage ROI. Here are some of the advantages of integrating Wasabi cloud:
Cost-Effective Storage Without Compromising Performance
One of the key differentiators of Wasabi cloud is its pricing model. Wasabi hot cloud storage is priced at 80% less than Amazon S3, a leading competitor in the cloud storage space. This significant cost reduction allows businesses to store more data in the cloud without affecting the budget.
Unlike many providers, Wasabi cloud storage doesn’t charge for egress or API requests. The transparent pricing model makes it easier for organizations to predict their cloud storage costs and avoid budget overruns.
Simplified Fee Structure for Better Cost Optimization
Cloud cost optimization is a main concern for businesses of all sizes. Wasabi addresses this by simplifying its fee structure. While many cloud providers charge for a variety of actions such as data retrieval, API calls, and cross-region replication. Wasabi cloud storage offers a straightforward pricing model based primarily on storage capacity.
This approach aligns with the findings of the Wasabi Cloud Storage Index, which highlighted that unexpected fees are a major contributor to budget overruns. By eliminating these variable costs, Wasabi cloud allows organizations to better optimize their cloud spending and achieve a higher ROI.
Performance and Durability
While cost is a crucial factor, it shouldn’t come at the expense of performance or reliability. Wasabi cloud storage delivers exceptional data durability with 11×9’s of durability, guaranteeing your information stays secure and accessible. This level of durability is on par with, or even exceeds, that offered by more expensive cloud storage solutions.
Furthermore, Wasabi hot cloud storage provides performance that matches or exceeds that of major cloud storage providers. This means businesses can enjoy cost savings without sacrificing the speed and responsiveness they need for their applications and workflows.
Maximize ROI with Wasabi Cloud Storage
Now that we’ve gone through the advantages, let’s explore how businesses can maximize their ROI when adopting wasabi cloud storage solution:
1. Migrate Legacy Data
Many organizations have vast amounts of data stored on-premises or with more expensive cloud providers. By migrating this data to Wasabi cloud, businesses can immediately realize cost savings. The lower storage costs and absence of egress fees make it economically viable to move large datasets to Wasabi cloud storage.
2. Implement a Multi-Cloud Strategy
While some workloads may require specific cloud providers, many organizations can benefit from a multi-cloud approach. By using Wasabi hot cloud storage as a central data repository, businesses can optimize their cloud spending while still utilizing other cloud services for compute or specialized applications.
3. Utilize Wasabi for Backup and Disaster Recovery
The absence of egress fees and low-cost storage make Wasabi cloud an ideal solution for backup and disaster recovery. Organizations can store multiple copies of their data across different Wasabi data centers without incurring additional transfer fees, enhancing their data protection strategy while keeping costs in check.
4. Take Advantage of Immutable Storage
Wasabi offers immutable storage options, which can be crucial for compliance and protection against ransomware. By using this feature, businesses can enhance their data security without the premium fees often associated with similar services from other providers.
5. Streamline Data Analytics and AI/ML Workflows
The combination of high performance and low cost makes Wasabi hot cloud storage an excellent choice for intensive applications like data analytics and machine learning. Organizations can store vast amounts of data affordably, making it feasible to retain and analyze larger datasets without concerns about egress fees when accessing the data.
6. Optimize Application Development
For businesses developing cloud-native applications, Wasabi hot cloud storage can serve as a cost-effective data layer. The predictable pricing and high performance allow developers to focus on innovation rather than worrying about unexpected storage costs as their applications scale.
Suggested Reading: How can enterprises optimize cloud costs with Wasabi?
The Future of Cloud Storage Economics
As we look to the future, the trends identified in the Wasabi Hot Cloud Storage Index suggest that cloud storage adoption will continue to grow rapidly in the coming years. With 93% of respondents planning to increase their cloud storage usage and 90% expecting to increase their budgets, it’s clear that cloud storage will play an increasingly critical role in IT strategies.
However, this growth also brings challenges. The fact that 54% of organizations exceeded their cloud storage budgets in 2023 highlights the need for more predictable and cost-effective solutions. Wasabi’s approach to cloud storage economics addresses these challenges head-on, providing a path for businesses to scale their storage needs without scaling their costs proportionally.
The Future of Cloud Storage Economics, Source: Wasabi
Boost your ROI, Get Premium Experience with Wasabi Hot Cloud Storage from ZNetLive
Optimizing cloud storage ROI is not just about cutting costs—it’s about empowering your organization with a foundation for innovation and a strategic advantage in today’s data-centric world. With Wasabi Cloud from ZNetLive, you can achieve unparalleled cost-effectiveness without sacrificing performance or reliability.
Our solution offers high-performance cloud storage at a fraction of the cost of other hyperscalers, allowing you to store and leverage more data for your organization’s growth. Plus, our dedicated 24×7 help desk ensures you receive exceptional support whenever you need it.
Don’t let exorbitant storage costs stifle your data strategy. Reach out to us today for a personalized consultation and elevate your cloud storage to the next level!
Read next: Top 4 Considerations to Choose the Best Cloud Storage Solution
