While cloud backup’s total cost of ownership can be exorbitant, it’s recommended you use a third party backup solution if you’re using Microsoft 365 or Google Workspace. Microsoft 365 users may remember the consecutive outages experienced in the fall of last year that left Exchange and other apps inaccessible. A backup solution in place would have made it possible to restore your last backup and get that necessary data back.
As you consider a backup solution and begin to do research on what cloud backup is best suited for your business, remember to ask specific questions about cost. Many solutions may seem reasonable at the outset, yet tack on increasing data storage fees or year over year price increases. They also might not factor in the cost of buying the storage space from a data center to use their solution.
The worst part is, many solutions can be cost-prohibitive in scenarios when you need them the most: such as, when you need your organization to be resilient in a time of disaster. Many backup solutions have times to restore that are cost-prohibitive in terms of downtime. If your solution costs slightly less on the front end but every time you need to restore your data it takes hours and your organization loses hundreds of thousands of dollars an hour from workers who can’t access data, is that lower upfront cost really worth it? Here are some more pros and cons to a cloud backup solution.
Backupify’s Cost Advantage
We own our own data centers. This allows us to control our costs and, at the end of the day, provide you with a more cost-effective and secure solution. Also, owning our own data centers means we are not at the mercy of increasing cloud computing costs from other managed service providers. Without the need to purchase new storage, we can maintain your expenses over time and are able to limit the total cost of our solution. Instead of having year over year data storage increases or asking you to buy your own storage, Backupify sets up our contracts to lock in a price for you for a minimum of 3 years, providing you the best value of any backup solution on the market.