Availability of FileTek Value Realization Modeler

FileTek, Inc. announced the availability of its Value Realization Modeler, a cost benefit analysis tool.

The modeler – available with associated professional services – validates the annual cost savings achieved by implementing a new generation storage approach that blends existing SSD, RAID, SAN, disk, and tape-based storage to deliver a cost-performance optimized storage environment.

The CFO-quality Value Realization Modeler focuses on ‘hard dollar’ justification and future cost avoidance over a three-year deployment window of budgetary line items such as new hardware acquisitions, software license fees, on-going maintenance expenses, personnel savings, and environmental/facility overhead.

Moreover, it delivers easy-to-interpret results in a measurable format that includes net present value (NPV), internal rate of return (IRR), profitability index, payback (in months) and ROI. As part of this new offering, FileTek will provide the tools and expertise needed to deliver a detailed report on the quantifiable benefits of the alternative and proven big data storage management approach enabled by the company’s StorHouse software platform.

Because data is growing at exponential rates, all organizations will ultimately spend money this year to acquire more storage. While simply adding more disk was once the perceived ‘no hassle’ approach to storage growth, the sheer volume of data to be retained makes it operationally and fiscally challenging to continue down that path.

With the announcement of StorHouse/Trusted Edge intelligent content analysis and migration management software in April 2012, FileTek introduced a user-friendly holistic storage management approach that provides intelligent options for storing data beyond simply adding more disk.

Trusted Edge approach incorporates content analysis, policy-driven data migration, and an automated storage management solution with the analytical tools to determine exactly which data is best matched to the cost and performance attributes of each storage class managed by the software. Now, Value Realization Modeler builds on the technical capabilities of Trusted Edge and offers organizations a data driven way to ascertain the precise annual cost savings and benefits resulting from deploying a StorHouse platform as part of the pre-purchase evaluation/discovery process.

"FileTek’s primary goal is to ensure customers achieve data assurance and access at the lowest possible cost per petabyte of storage," remarked William P. Loomis, CEO of FileTek. "To further emphasize our commitment to this objective, organizations can use our Value Realization Modeler and consulting services to determine the immediate cost benefits gained by implementing a StorHouse system. Current FileTek customers such as the Carnegie Institution for Science and the Wistar Institute have already demonstrated a high ROI and a quick payback period of 781% (three months) and 239% (16 months) respectively over traditional storage alternatives – proof that StorHouse innovation outshines traditional storage management approaches. We encourage other organizations to leverage the FileTek Modeler to discover how StorHouse can revolutionize the way they manage big data storage."