Lucas123 writes "The average company pays from $1 million to $3 million per terabyte of data during legal e-discovery. The average employee generates 10GB of data per year at a cost of $5 per gigabyte to back it up — so a 5,000-worker company will pay out $1.25 million for five years of storage. So while you need to pay attention to retaining data for business and legal requirements, experts say you also need to be keeping less, according to a story on Computerworld. The problem is, most organizations hang on to more data than they need, for much longer than they should. 'Many people would prefer to throw technology at the problem than address it at a business level by making changes in policies and processes.'"
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