ReportMismanaged data could cost enterprise businesses $3.3 trillion by 2020

Following the release of the Data Genomics Index which provided an accurate composition of organizational data and found that on average, 41 percent had not been touched in over 3 years, On March 15th Veritas, releases new research on enterprise data management that uncovered startling truths about how much data mismanagement is costing businesses. The Databerg Report is the second in a series of research designed to provide a full picture of enterprise data environments and the information challenges business face today.

Key findings include:
Finds 85% of Stored Data Is Either Dark or Redundant, Obsolete, or Trivial (ROT)
For the average midsized organization holding 1000TB of data, the cost to store their non-critical information is estimated at more than $650,000 annually.
The Global Databerg Report measures IT decision makers’ awareness of the issue. It covers the opinions of more than 2,500 senior IT decision makers in more than 20 countries across the world. Companies worldwide have created a phenomenon we call the “Databerg” consisting of three types of data stored by organizations; business critical data, ROT data and Dark Data Download the report http://info.veritas.com/databerg_report for more information and talk to your customers about the findings.