The report reveals that 85% of stored enterprise data is nonessential, creating major financial, security, and operational risks. Excessive data storage leads to wasted costs—up to $1.31 million per petabyte over five years—and increases exposure to cyberattacks, with 66% of organizations experiencing incidents in 2024. Poor data classification and retention amplify risks, slow analytics, and impede compliance. The study recommends data audits, lifecycle management, and classification tools like DSPM to reduce redundant, obsolete, and trivial data. Embracing data minimalism improves efficiency, security, and resilience for modern enterprises.

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