The price of data storage
Data warehousing can significantly speed decision making and improve business performance. It can also become expensive.
Because data warehouses vary widely according to the extent of the data they encompass and the size of the company using them, they’re often priced by usable terabyte (TB). A terabyte is 1 trillion bytes, or 1,000 gigabytes. For some perspective, consider that the U.S. Library of Congress has more than 70 terabytes of data.
Pricing varies, too, but you can expect to pay at least $15,000 per terabyte for your data warehouse. Thus, a 10TB configuration may cost $150,000 or more.
One way to offset some of that cost is with open source data warehousing. Open source software costs nothing, because developers create it specifically to share openly with others, but you’ll need someone to build the data warehouse itself — a process that can take months. If you don’t have the specialized talent required on staff, you’ll have to hire it, and that can cost as much as $100,000.
For more information about our services to inventory based businesses,
Contact: Mark Walker, Partner, Director of Inventory Based Businesses Practice at 817.882.7724.
The articles in this newsletter are general in nature and are not a substitute for accounting, legal, or other professional services. We assume no liability for the reader's reliance on this information. Before implementing any of the ideas contained in this publication, consult a professional advisor to determine whether they apply to your unique circumstances.