~ humyo.com reveals the true cost of computing ~
The UK’s small businesses^ are wasting more than £7billion^^ on unnecessary IT equipment according to online storage specialist humyo.com.
Ignorance of new technologies is driving many small firms to simply invest in traditional server technology in the often false belief that it offers the cheapest and most secure access to business files.
However, humyo.com believes few are examining the true cost of server computing or looking at alternative options, such as cloud computing, which could save their businesses around £1,500 a year.
In addition to the initial outlay of around £1,800, there are also set-up and maintenance costs as well as depreciation over the server’s lifetime – usually around three years.
humyo.com has developed an equation to help small businesses calculate the true cost of investing in a server.
Cost per year = (ll + S + M + D)/Y
ll = initial investment,
S – set-up costs – time + software purchases
M = maintenance costs – software upgrades + problem fixing
D = rate of depreciation
Y = server’s expected lifetime
“Just a few phone calls or some limited web research can give you an idea of the upfront cost of buying a new server but how many companies are aware of the longer term investment required,” said Dan Conlon, founder of humyo.com. “We have developed an equation to enable small businesses to work out the true cost of server-based computing in order to help them weigh up whether it is the best, most cost effective option for them.”
^ Companies with less than 50 employees
^^ Number of companies in the UK with less than 50 employees – 4,646,475 (BERR 2007)
Total overspend in the UK – £7,231,368,000 based on an average saving of £1,525
For further press information and photography please contact:
Angela Workman / Patrick Hussey at LEWIS, the PR agency
Tel: +44 (0) 161 601 7740
Email: humyo@lewispr.com
Website: www.lewispr.com
