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Cost Of Cloud Data Storage

Cost Of Cloud Data Storage – We are all aware of cloud storage as a way to store our important data. Cloud storage can be used for backup, data storage or even as an additional local file system for current data. Many cloud providers now offer different levels of storage and if you want to save and manage costs effectively, it is important to understand how these levels work.

This article will explain what these steps are and their application. As prices can vary from region to region, we won’t be looking at a precise price breakdown. However, we will include resources where you can find more information about pricing by different cloud providers.

Cost Of Cloud Data Storage

Cost Of Cloud Data Storage

Cloud levels are generally classified as Warm or Cool. Temperature levels are used to store frequently available data. Storage costs will be high, but data access is instant and data access charges will be low or free. There will also be no minimum length of data storage contract. Cold steps for unusual information. The deposit will be lower but there will be a shorter contract length. Data is generally not available immediately and may take several hours to retrieve. There will be additional charges for data recovery.

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Not all cloud providers offer tiers. Others provide single value measures that need to be considered for certain types of data processing operations. Prices here are usually lower than other hot stores but higher than cold ones. Information is immediately accessible and there are usually no access charges. A shorter contract length can be found for the best price. The main advantage is that the monthly bill will not be different if the work activities change suddenly.

AWS currently has six tiers – four hot tiers and 2 cold tiers, all of which are S3 compatible and use the same API. They are listed below in order from hot to cold.

S3 Standard, as the name suggests, is the first level of heat. It is the most expensive tier of storage, typically priced at around $20 per TB/month, but data access is immediate and there is no data access charge or minimum contract. This is the correct step to extend the local system file.

S3 Intelligent – Tiering is used for workflows with unpredictable changing patterns. It will automatically move data between different temperatures depending on usage. A standard storage charge is applied and there is an administration charge and a small item size charge. It makes for unpredictable costs but if there is no way to automate the data lifecycle, this can be a good option.

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Level S3 – Easy Access: This level of storage is cheap enough to access a lot of data that still needs immediate access. It’s about half the price of S3 Standard but there’s a smaller item size charge and a 30-day contract for each stored item. Income is also used. This is a good option for continuous data protection and file extension where data needs to be accessed immediately but not frequently.

S3 Single Zone – Easy Access: One zone is specially designed for storage where this is one of two physical copies of the data. It is the cheapest hot storage at about $10 per TB but data is only stored in one data center in the region, which means there is a risk of data loss.

S3 Glacier Instant Restore, S3 Glacier Easy Restore (formerly S3 Glacier) and S3 Glacier Deep Archive are three levels of storage, designed for archive data that rarely needs to be accessed. Storage costs are $4, $3.6 and $1 per TB/month, respectively. S3 Glacier Instant Retrieval provides the fastest access to data storage, with the same performance and millisecond access as S3 Standard and S3 Standard-IA storage classes. With S3 Glacier Easy Archive and S3 Glacier Deep Archive, data is accessed as standard in just 12 hours. Glacier Flexible Retrieval offers fast retrieval in minutes but at a high cost. Glacier Easy Backup and Glacier Deep Backup have the highest data recovery rates and minimum contract lengths of 3 and 6 months per item. Many organizations that need to store data for compliance purposes would do well to consider these measures because it will reduce long-term storage costs.

Cost Of Cloud Data Storage

Microsoft offers 3 levels: Hot, Cool and Archives. There are also premium heat levels designed for large trading data, but currently it is not possible to adjust the level from premium level to other levels. Otherwise, the Hot, Cool and Archive tiers follow the same pattern of high-to-low storage costs, low data recovery costs and data recovery times as the AWS S3 tiers. The average storage contract period is nothing, 1 month and 6 months for Hot, Cool and Archive, respectively.

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Microsoft offers fixed capacity pricing that provides a fixed price per tier for a minimum storage commitment over 1 or 3 years.

Google offers 4 levels: Standard, Nearline, Coldline and Archives. Pricing varies across regions, but is consistent with AWS Standard, Easy Access and Glacier. There are no data recovery costs for Google Cloud Standard, but they are higher at all levels. It’s worth noting that the Archive level has a minimum 365-day contract for each item. On the other hand, Google Cloud allows direct access to data when needed.

IBM also has 4 standard Tiers. Like Amazon S3 Intelligent Tiering, IBM Smart Tier will manage your data between hot, cold and cold based on performance and access. Then there are Standard, Vault and Cold Vault for different types of data storage. Additionally, storage costs go from high to low and data retrieval times from low to high. They also have Archive and Accelerated Archive classes that offer 12 or 2 hour retrieval times with lower long-term storage charges.

Wasabi is a new generation cloud storage provider that offers cloud storage only at a fixed price of $5.99 per TB per month (this may vary by region) with no ingress, egress or I/O costs. Some contracts may have a small storage charge of up to 3 months. Prices are also lower for contracts lasting more than 1, 3 or 5 years.

Cloud Storage And File Storage

While there is a large number of choices of cloud providers, this is often limited by company policies, which regions provide services through which providers or data ownership issues.

There are also some important data management criteria such as parameter support or bucket invariance that can be factors in the decision making process.

Your cloud choices can also affect other cloud services such as computing services. Azure and AWS have many services in addition to cloud storage.

Cost Of Cloud Data Storage

That being said, the key to determining which cloud service to use is understanding your data and workflow. Tiger Technology offers a storage assessment service that helps you understand how much data you have, how and when you use it, and which cloud storage services you should consider.

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Tiger Bridge is a database management software-only solution that has full API integration with all major cloud providers. Because Tiger Bridge understands all the metadata associated with local data, you can set policies based on data age or data usage to copy or move data to any level in the cloud. This means that data can live on the lowest-cost basis of its data life cycle.

Tiger Bridge replaces intelligent data management services that have high administrative overhead and automatically move data between policy-based levels. The flexibility of Tiger Bridge means you can move data directly to the storage tiers if, for example, compliance data is structured.

A single Tiger Bridge instance also supports multiple cloud destinations giving businesses complete freedom to store their data cost-effectively.

Cloud platforms offer a lot of flexibility to save your data costs effectively. There are many options and pricing is often difficult to determine due to the array of storage, access and administration charges that may apply. Cold storage is very expensive but there will be a minimum contract length of items, generally high output charges and slow time to retrieve data.

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Understanding your data lifecycle is key to making the right decisions. If you do not have the tools to obtain this information, consider a data evaluation service that will show past and current data usage patterns. Once you have this information, consider what data management tools are available. Tools with full cloud API integration like Tiger Bridge allow you to easily manage this process on an ongoing basis instead of doing this manually and ensure you avoid making costly mistakes. Always monitor your cloud costs so you can adjust your goals if your data plan changes.

Want to learn more about using Tiger Bridge to connect your local storage with cloud servers? Watch this 5 minute overview video.

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Cost Of Cloud Data Storage

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