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Infographic: Discarding Data Costs Enterprises Millions

Read and share our infographic on the cost of discarding data and how you can use TrafficPeak, a solution powered by Hydrolix, to keep all your data.

Abby Ross

Published:

Apr 30, 2024

3 minute read

Let’s face it. You probably have a lot of data. Reports show log data has increased 5x over a three year period, and that 36% of companies ingest more than a terabyte of data daily. And with the world going digital in almost all realms, you can expect the amount of data to increase. Every user, device, and application will generate more data for you to ingest, retain, and analyze, which means the already high costs of storing data will only increase. Reports show that fifty-one percent of companies deal with unexpected overages and cost spikes on a monthly basis.

So what can you do to make the most of your data, grow your bottom line, and cut costs? Some companies are forced to choose between discarding their data and their bottom line. They feel stuck, caught between a rock and a hard place, wanting to keep all their data but knowing they can’t afford to. Unfortunately, this approach leads to lost opportunities for business insights, forensic analysis, ML training runs, and more. The more data you keep, the more you can improve the security and performance of your applications and systems. You can use your data to pinpoint the root cause of incidents, and mitigate them so history doesn’t repeat itself. You can use your data to see across your entire infrastructure and understand which issues need to be prioritized, where and whom they are impacting, and when and why they occurred.

Our new TrafficPeak infographic takes a look at the implications of discarding data. It shows how storage costs have risen and that inaccurate data can cost you millions of dollars per year. It also details downsides of discarding data and explains what you can do to keep all your data, affordably.

Trying to achieve your business goals without having all your data is like trying to find a treasure with half of a map. You get a sense of where the treasure may be, and you can spend extra time wandering the possible targeted areas, but it will take longer to find it—if you find it at all. A full map, on the other hand, will show you which roads to take, pinpoint which routes connect where, potential roadblocks that may hinder you, and give you a sense of which tools you may need to dig up the treasure. You have all the data you need to work with in order to achieve your goal of finding the treasure. 

Your data is the key to finding and fixing issues preemptively and quickly, before any of your customers are impacted. Discarding it shouldn’t be the solution to bringing down costs. Not to mention, data loss alone can cost a fortune, and, as the infographic shows, can create rifts in your company when deciding which data to keep.

TrafficPeak, an Akamai managed observability service powered by Hydrolix’s streaming data lake, can be your solution to eliminating the painful choice of discarding data. With TrafficPeak, enterprises can ingest terabytes of data on a daily basis and retain their data for at least 15 months, all at 75% less cost of traditional observability services. You get sub second “hot” storage query performance regardless of whether your data is a day or a year old. TrafficPeak’s ad hoc query performance even on 100+ billion row datasets can help you find a needle in a haystack so you can pinpoint root causes and mitigate issues immediately. 

Next Steps

Check out our Powered by Hydrolix Partner Program and sign up for a POC to try Hydrolix or TrafficPeak.

This blog is part of the Powered by Hydrolix Partner Program. The program includes reseller, referral, white-label and co-sell partners. Akamai is a white-label partner. Learn more about becoming a Hydrolix partner.

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Let’s face it. You probably have a lot of data. Reports show log data has increased 5x over a three year period, and that 36% of companies ingest more than a terabyte of data daily. And with the world going digital in almost all realms, you can expect the amount of data to increase. Every user, device, and application will generate more data for you to ingest, retain, and analyze, which means the already high costs of storing data will only increase. Reports show that fifty-one percent of companies deal with unexpected overages and cost spikes on a monthly basis.

So what can you do to make the most of your data, grow your bottom line, and cut costs? Some companies are forced to choose between discarding their data and their bottom line. They feel stuck, caught between a rock and a hard place, wanting to keep all their data but knowing they can’t afford to. Unfortunately, this approach leads to lost opportunities for business insights, forensic analysis, ML training runs, and more. The more data you keep, the more you can improve the security and performance of your applications and systems. You can use your data to pinpoint the root cause of incidents, and mitigate them so history doesn’t repeat itself. You can use your data to see across your entire infrastructure and understand which issues need to be prioritized, where and whom they are impacting, and when and why they occurred.

Our new TrafficPeak infographic takes a look at the implications of discarding data. It shows how storage costs have risen and that inaccurate data can cost you millions of dollars per year. It also details downsides of discarding data and explains what you can do to keep all your data, affordably.

Trying to achieve your business goals without having all your data is like trying to find a treasure with half of a map. You get a sense of where the treasure may be, and you can spend extra time wandering the possible targeted areas, but it will take longer to find it—if you find it at all. A full map, on the other hand, will show you which roads to take, pinpoint which routes connect where, potential roadblocks that may hinder you, and give you a sense of which tools you may need to dig up the treasure. You have all the data you need to work with in order to achieve your goal of finding the treasure. 

Your data is the key to finding and fixing issues preemptively and quickly, before any of your customers are impacted. Discarding it shouldn’t be the solution to bringing down costs. Not to mention, data loss alone can cost a fortune, and, as the infographic shows, can create rifts in your company when deciding which data to keep.

TrafficPeak, an Akamai managed observability service powered by Hydrolix’s streaming data lake, can be your solution to eliminating the painful choice of discarding data. With TrafficPeak, enterprises can ingest terabytes of data on a daily basis and retain their data for at least 15 months, all at 75% less cost of traditional observability services. You get sub second “hot” storage query performance regardless of whether your data is a day or a year old. TrafficPeak’s ad hoc query performance even on 100+ billion row datasets can help you find a needle in a haystack so you can pinpoint root causes and mitigate issues immediately. 

Next Steps

Check out our Powered by Hydrolix Partner Program and sign up for a POC to try Hydrolix or TrafficPeak.

This blog is part of the Powered by Hydrolix Partner Program. The program includes reseller, referral, white-label and co-sell partners. Akamai is a white-label partner. Learn more about becoming a Hydrolix partner.