Cloud expenses are rising cloudflation

CLOUDFLATION CLOUDFLATION The Rise Of TData, he Rise Of Data, Cloud Storage Cost C& loud Storage Cost & Factors Factors At APlay t Play www.polestarllp.com

Inflation is at a all time high, globally! If we use the US market as a yardstick, presently it is the highest since 1982.

The inflationary push into product prices has many factors at play and even cloud storage costs are not untouched by it.

Hence

the term ‘Cloudflation’ or simply cloud inflation.

Scroll

on to learn about the factors resulting increased cloud storage costs

Switch to Sustainable energy #1 Rising Energy Cost RussiaUkraine War Thewarledtoan increaseinfuel costs,leadingto higheroperating costforthe serverroom; computation& temperature maintenance Many European countries are taking strict measures in this direction. Due to limited production of remewable energy many have seen a jump of around 20% in electricity prices.

#2 Semiconductor Supply chain disruption

During the pandemic, almost all of the supply chains of nonessential nature faced disruption. This led to decline in silicon chip production required to host exploding data storage requirements across regional data centers.

#3 Geopolitical Tension

The Russian-Ukraine war is definitely one, but not the only. The tussle between China & US over Taiwan is another major concern. Well, why Taiwan you wonder! There's a backstory. Taiwan Semiconductor Manufacturing Company (TSM) enjoys over 65% market share.

The

backstory is that - the US and other western superpowers, in the hunt for cheap labor and to avoid the

emissions

and environmental

activism

claims, enabled Taiwan to be that strategic location.

China considers Taiwan to be

an

integral part of the People’s Republic of China, making the matter complicated.

Google Cloud GStorage oogle Cloud Storage Prices have Pspiked rices have spiked upto u50% pto 50% The early effects have been felt Demand-Supply Demand-Supply Pushes AWS PPrices ushes AWS Prices

of

the storage

The only way forward Tis he only way forward is better utilization of bcloud etter utilization of cloud storage space and sbetter torage space and better data dmanagement. ata management. 68%

IT managers across the world are worried about managing

cost

Talk to our experts for a curated session on ways to better cloud data management.

Contact us at marketing@polestarllp.com

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