Rising Cost of Data, a Sleeping Giant for UK Businesses
Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm
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Source: Business Wire
Seagate expands Lyve Cloud to UK, helping businesses address ‘unsustainable’ cost of data storage and management LONDON--(BUSINESS WIRE)--Seagate® Lyve™ Cloud storage as a service is expanding to the UK to help address the rising costs of data management. In a new survey (available on demand) “The UK data management costs and opportunities index, 2022 edition” from Seagate Technology (NASDAQ: STX), British businesses are spending an average of £213,000 per year just on storing and managing their own data. The survey reveals companies are prioritising spending on data over energy costs, as well as employee welfare and training. The findings, which come during today’s global macro-economic crisis, highlight the urgent need for businesses to rein in their data costs.According to the 2022 Global DataSphere forecast report by IDC, 211 zettabytes of data will be generated globally in 2026. This is translating into budget headaches for British businesses. Seagate’s survey, which polled se
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STX
Earnings
- 1/24/24 - Beat
STX
Sec Filings
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- STX's page on the SEC website