Save Costs and Gain Ownership of Your Data with Lyve Cloud
As more enterprises attempt to take advantage of the potential cost savings of the cloud, some have been disappointed. The largest data producers sometimes find their cloud storage costs to be less predictable and higher than anticipated.
This is a big problem for UK businesses. According to the 2022 Global DataSphere forecast report by IDC, 211 zettabytes of data will be generated globally in 2026. This is translating into budget headaches for British businesses. Seagate’s own research of IT decision-makers reveals UK businesses are spending up to one third of their IT budgets on data storage and management alone. Over half (52%) of those surveyed describe this level of spending as ‘unsustainable.’
Seagate’s Lyve Cloud solution provides a single storage location to ingest and store all data in an organization with fully predictable costs. Suitable for use as a data lake, Lyve Cloud storage provides transparent pricing, no egress fees, and no API connection fees to provide more predictable costs for its customers’ data storage.
Object storage market overview
Object storage is a computer data storage system which manages data as objects, as opposed to files or blocks. Seagate actually played a key role in the introduction of object storage, and the technology plays a key role in cloud storage, or storage as a service (STaaS) today.
Market Research Future estimates that the global cloud object storage market will reach $15.3 billion by the end of 2030 and currently growing at 13.5% compound annual growth rate (CAGR).
Seagate Lyve Cloud key features & benefits
Lyve Cloud offers customers cloud-based storage designed for flexibility and cost-efficiency first and foremost. As an S3-compatible cloud, it can be integrated to a huge variety of applications and cloud repositories, making it easy for any business to integrate it into its existing tech stack.
Lyve Cloud offers three key benefits:
Multicloud compatibility: Compatible with multiple public clouds, Seagate’s Lyve cloud also integrates with private cloud environments and provides an enormous storage solution without silos or cloud vendor lock-in.
Reliable availability: All data is protected by a 99.99% availability guarantee and can be further protected by enabling data immutability options. Lyve Cloud enables customers to access data from anywhere and will reliably be available.
Stores everything: Seagate Lyve Cloud can store all data types and ingest from a huge variety of sources. Customers can transition legacy data from off-line archival or cold storage to Lyve Data and enhance its value to the organisation.
Lyve Cloud is also fully compliance-ready, with key features including: Optional object immutability preventing accidental changes or deletion; ability to specify data retention by S3 bucket; and audit logs to track user activity for reporting.
All types of businesses are facing rapidly rising costs from their data. Seagate Lyve Cloud is the perfect solution for those businesses with especially huge data sets, which are struggling to manage their existing cloud spend and TCO.
