How does data storage impact overall business costs?
Data storage can significantly affect business costs through expenses related to hardware, software, and maintenance.
What are the main factors that influence these costs?
Key factors include the type of storage solution (cloud vs. on-premises), data volume, and access frequency.
Is cloud storage generally more cost-effective than on-premises storage?
Cloud storage can be more cost-effective due to lower upfront costs and scalability, but it depends on usage patterns.
What hidden costs should businesses be aware of?
Businesses should consider costs like data transfer fees, security measures, and potential downtime.
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