Getting Rid of Data: Why it s So Hard

Many organizations think they are taking the right approach to information
overload: buy ever-cheaper storage solutions, lower compliance risk by
saving all data and focus more resources on solutions for turning all this
data into actionable intelligence. Unfortunately, storing and managing data
stores that only get bigger with time is very expensive, and instead of
reducing risk, it dramatically increases costs and risks associated with
e-discovery.
According to Gartner, IT shops already spend between 2 and 3 percent of
revenues on data management, which can add up to hundreds of thousands or
even millions of dollars each year. And according to IDC, corporate data
volumes grew by about 50 percent last year.

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Source:
http://www.information-management.com/issues/21_6/getting-rid-of-data-why-its-so-hard-10021453-1.html
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