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2.5 Admins 133: ElasticWallet

2.5 Admins

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The Cost of Storage in the Age of Cloud Computing

The company is spending $60,000 a month on eight dedicated racks between two data centers. That's only $720,000 a year for the space and power and bandwidth. And we're getting faster hardware, more cores, NVMe storage rather than cloud based network storage that maybe is backed by NVMe but it's slowed down by the fact that it's over the network. We can still fit four more racks in each data center. In round numbers, let's just call it saving a million and a half dollars a year times five years is $7 million to someone else's business.

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