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Where is your business overspending? To see growth, organizations have to constantly be on the lookout for ways to reduce costs and increase revenue. IT departments, in particular, are asked to keep operations running, with no interruptions, while staying within budget. That means IT leaders need to work on identifying areas of excessive spending, finding ways to eliminate waste, and optimizing for efficiency. However, from inaccurate budgets to overspending on storage needs, there are hidden ways enterprises are overspending millions on IT infrastructure. Keep your organization financially healthy by reducing these areas of excessive spending while keeping your IT department functioning at full capacity.
Not Having the Right Plan
You’ve likely heard the popular adage, ‘failing to plan is planning to fail.’ Of course, businesses don’t set out planning to fail, but sometimes other priorities or a lack of time can result in not having the right plan of action. One of the most difficult planning tasks for an IT department is capacity planning. Infrastructure capacity planning is a multi-dimensional challenge, which is likely why most IT departments either overestimate their needs or make exceedingly simplistic estimates. In either case, poor planning leads to waste and often results in unplanned emergency purchases, costing the business more money.
When a lack of planning leads to unplanned purchases, IT departments typically face a higher cost because no negotiation process and no real alternatives can be considered. IT leaders can avoid overspending on infrastructure with a visual data management solution that instantly delivers transparency across your storage environment. Visual One helps IT leaders avoid monetary waste with reliable, real-time data so they can create strategic infrastructure planning.
Not Forecasting Correctly
Inadequate forecasting could be costing your organization millions of dollars in unnecessary IT spend. Accurately forecasting your infrastructure needs is a complex process, but it is essential for companies looking to make the best usage of their data storage environments. Companies looking to reduce expenses and get more value out of what they already have, need to be tracking storage utilization and growth trends in order to plan for future storage expansion. In addition to tracking growth trends over time, forecasting also involves knowing what data are being accessed and how often. Beyond that, IT leaders also need to know that their data arrays are operating optimally and efficiently. Without access to critical insights tracking growth and storage usage, IT leaders are subject to monetary waste, frustration, and vulnerability.
Improving IT forecasting means IT leaders are able to improve budgeting accuracy as well as negotiate new storage purchases while avoiding any unnecessary, reactive purchases. Visual One gives IT leaders superior visibility into their data management across the enterprise, with insight into both past and future trends. With this cohesive, reliable data, IT leaders can better forecast precise outcomes and improve budgeting accuracy.
Lack of Data Transparency
Many organizations track storage growth and usage using manual spreadsheets; however, this manual process is not only timely, but it lacks data transparency and yields unreliable data. In addition, these manual processes don’t provide the level of granularity required to make strategic decisions. Within an enterprise, each department is given a specific storage allotment, and some departments may be reaching storage capacity while other departments may have extra space. It isn’t enough to track overall data growth; IT leaders need to collect and track storage data at all levels of the organization.
A lack of data transparency can also lead to missed problems in an environment. Data storage is complex, and without data transparency across your storage environment, IT leaders can easily miss a small problem that can lead to an outage. Visual One gives IT leaders a single view, organizing data into a unified, visual analysis across your multi-vendor storage environment. When leaders have access to these critical insights, they are prepared to plan at all levels of the business, including application, data center, individual storage arrays, or individual servers. Visual One provides IT leaders with all data they need, including overall capacity, allocation, and used growth. Infrastructure needs evolve over time, and this data helps IT leaders better allocate current storage and predict when or if additional storage is needed.
Many businesses continue to overspend on their IT infrastructure because these hidden areas are easy to overlook. Visual One provides IT leaders with a visual data management solution that instantly delivers transparency across your storage environment. You can uncover opportunities for operational efficiencies, amazing cost savings, and reliable data for infrastructure planning. Schedule a demo to talk to a Visual One data expert.
Key Takeaways
- To see growth, organizations have to constantly be on the lookout for ways to reduce costs and increase revenue.
- IT leaders need to work on identifying areas of excessive spending, finding ways to eliminate waste, and optimizing for efficiency.
- IT leaders can avoid overspending on infrastructure with a visual data management solution that instantly delivers transparency across your storage environment.
- Improving IT forecasting means IT leaders are able to improve budgeting accuracy while avoiding unnecessary purchases.
- Visual One gives IT leaders a single view, organizing data into a unified, visual analysis across your multi-vendor storage environment.
