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March 24, 2014 AT 6:50 AM
Hardware costs can add up quickly in the era of big data. As large companies collect, analyze and store increasing quantities of information, the expense of adding servers, hard drives and other equipment is threatening to crimp their big-data plans. Indeed, hardware sales related to corporate-data projects are expected to more than double to $15.7 billion in 2017 from $7.16 billion last year, according to the Wikibon research organization. Against that backdrop, more companies may take a page from Facebook, which has managed to squeeze hardware costs largely by designing and building its own servers and data centers. The social-networking company says the strategy has helped it save $1.2 billion over the past three years.