As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability – the difficulty that those who pay for information have in getting returns. Joseph E. Stiglitz
In the IT storage world we have a large problem in defining how to measure storage productivity in a meaningful way. Zerowait is working on a set of tools that will provide this information in an easy to understand format. Working with our customers, we are helping them to define their storage costs, operational costs and on going maintenance costs. Many companies value information costs differently, many companies value their labor and overhead costs differently. However, every customer that I have spoken with wants to maximize their returns in the short run and long term.
How do your determine the value of the returns your storage infrastructure provides your company?
Have a great weekend!