Enterprises Are Overspending in the Cloud: How Binarii Labs Can Help

A staggering 94% of enterprises are overspending on cloud services, according to a recent HashiCorp-Forrester report (https://www.cio.com/article/404314/94-of-enterprises-are-overspending-in-the-cloud-report.html). The survey, which included over 1,000 IT decision-makers across North America, Europe, the Middle East, and Asia-Pacific, revealed that underused and overprovisioned resources, as well as a lack of necessary skills, are primary culprits of this financial drain.?

Key Findings from the Report:?

• Underused Cloud Resources: 66% of respondents identified this as a major factor.?

• Overprovisioned Resources: 59% of respondents cited this issue.?

• Lack of Skills: 47% of respondents acknowledged this as a challenge.?

• Manual Containerisation: 37% of respondents noted this as a contributing factor.?

How Binarii Labs Can Help:?

At Binarii Labs, we offer a solution that leverages your existing cloud storage to securely store data using our revolutionary US-UK patented technology. Our approach eliminates the need for expensive third-party cloud storage by utilising a groundbreaking method that ensures unparalleled data security and 100% user sovereignty.?

Our Unique Approach:?

• Encryption and Fragmentation: We encrypt and fragment your data, distributing it across multiple user-owned cloud locations. Even in the event of a breach, hackers would only access incomplete and useless fragments.?

• Uninterrupted Access: Our technology ensures uninterrupted access to your data, even if one cloud provider experiences downtime.?

• Complete Control: You have complete control over where your sensitive information resides, promoting unparalleled data sovereignty.?

• Defence-in-Depth: Our approach incorporates multiple layers of security, including blockchain technology, providing an extra layer of protection against potential threats.?

Our Products:?

1. Data Security Platform (DSP): An enterprise solution that integrates Binarii’s core data security and storage layer into applications or infrastructure as a secure backend. The plug-and-play API integration offers enhanced data security, breach protection, business continuity, disaster recovery mitigation, and digital sovereignty.?

1. Data Security Management (DSM): This application leverages Binarii Labs' core technology for secure data storage and sharing. It supports various use cases like virtual data rooms (VDR), deal rooms, and secure file protocols, ensuring your files are securely stored and shared across multi-cloud environments that users own and control.?

Conclusion:?

By addressing the key factors contributing to cloud overspending, Binarii Labs helps enterprises optimise their cloud spending while enhancing data security and sovereignty. Visit https://www.binariilabs.com/ to learn more about how we can help your organisation achieve cost-effective and secure cloud storage solutions.?

Don't let avoidable cloud expenses drain your resources. With Binarii Labs, experience secure, efficient, and controlled cloud storage that aligns with your business needs.