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Manage Cloud Expenses to Weather the Financial Storm Caused by COVID-19

While cloud usage has surged in recent weeks, the financial impact of Covid-19 has many seeking lower cost cloud options, while others are reaching out to their cloud providers asking for financial relief. A recent article highlights AWS’ lack of flexibility on billing terms for customers that are struggling. Many have already obtained price concessions or payment deferrals from other suppliers, such as landlords and software or networking providers. For start-ups and cloud-first organizations whose entire IT infrastructure is cloud based, “turning off cloud services” or “suspend their account and reopen it 30 days later” is fiscally prohibitive.

100 TB of data in AWS S3 costs $2,300 per month. The same amount of data in Wasabi costs $599. That’s 80% less and a difference of $1,700 per month. Customers would start saving money in just over a week. Looking at it another way, that is $20,400 in savings in the first year, enough to make many CFO’s sit up and pay attention.

Anyone with even the slightest understanding of AWS knows that they lock customers into their overpriced services with egress charges. Essentially, charging customers to get their own data back from S3. To retrieve the 100 TB in the above example, organizations would have to pay close to $8,000 in “API GET requests” and internet egress fees. Another hurdle is the lengthy amount of time it would take to return the data over the internet. Depending upon the organization’s internet speed, retrieving the 100 TB could take months. Data stored in the cloud grows gradually over a period of time, some estimates say 20% year over year. This means that what started as 100 TB five years ago, has grown to over 200 TB today.

The best-case scenario is that the customer could upload a new copy of the data to a new cloud, less expensive cloud; then close their AWS storage account. Unfortunately, AWS S3 often holds unique data, back-up recovery points, or a customers on-premises infrastructure doesn’t have the capacity to hold the data while it’s on the journey to the new cloud.

This is where Wasabi’s partnership with Acembly pays dividends for organizations that want to migrate from AWS S3 to Wasabi. Customers can drag and drop millions of files from their S3 buckets to their Wasabi buckets. At only $0.035/GB Acembly C2C moves data to between clouds less expensively than the typical $0.09 /GB for S3 internet egress.

Just as importantly as cost savings, Acembly allows organizations to move over 20 million small files a day or speeds that surpass 10Gbps for large video files. This means that moving out of AWS to Wasabi can happen in a matter of hours and days instead of weeks or months.

Instead 4 or 5 months before savings are achieved, Wasabi and Acembly customers will see a return on investment in only a few weeks.

Years ago, AWS was the easy choice, it was often the only choice. Today, too many organizations are struggling to lower costs, and are looking for financial relief. AWS isn’t going to lower your S3 storage costs 80%, only Wasabi and Acembly can do that.   

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