Case Study: Fortune 400 investment banking services company achieves 78.7% lower TCO with Data Dynamics

78.7% Lower TCO with Smart Data Storage Lifecycle Management

The customer, a Fortune 400 investment banking services company, faced a critical challenge with its unstructured data storage, including an extremely low 53% utilization rate on its expensive file storage systems. This inefficiency resulted in a massive surplus cost of $26.38M per year for unused capacity. To address this, the company turned to the vendor, Data Dynamics, and its unstructured data management platform.

Data Dynamics implemented an intelligent data storage lifecycle management solution that analyzed metadata and used policy-based tiering to automate the migration of data from high-cost file storage to low-cost object storage. This strategy resulted in tremendous cost savings, lowering the company's total cost of ownership by 78.7% and saving 79.2% in one year. For every terabyte moved, the bank saved $858, all while increasing its total usable data capacity by 29% and significantly reducing its data center footprint.