Stochastic Estimated Risk for Storage Capacity
Managing data storage growth is of crucial importance to businesses. Poor practices can lead to large data and financial losses. Access to storage information along with timely action, or capacity forecasting, are essential to avoid these losses. In addition, ensuring high accuracy of capacity forecast estimates along with ease of interpretability plays an important role for any customer facing tool. In this paper, we introduce Stochastic Estimated Risk (SER), a tool developed at Nutanix that has been in production. SER shifts the focus from forecasting a single estimate for date of attaining full capacity to predicting the risk associated with running out of storage capacity. Using a Brownian motion with drift model, SER estimates the probability that a system will run out of capacity within a specific time frame. Our results showed that a probabilistic approach is more accurate and credible, for systems with non-linear patterns, compared to a regression or ensemble forecasting models.