- You may think that data that is lost can always be recovered, but you’ll be alarmed to know that about 50 percent of data recoveries fail, whereas the cost of recovery is in thousands of dollars.
- About 32 percent of computer users experience data loss each year!
- Small businesses that unfortunately experience drastic data loss go out of business in less than a year!
With sales contracts, accounting records, marketing materials, business contacts and emails all being stored in digital format nowadays, it has become increasingly important for all businesses to back up your business data. In the event of any hardware failure, restoring data from the backup is a much cheaper operation than rebuilding from scratch.
Did You Know that $1.7 Trillion is Lost per Year From Data Loss and Downtime? And that number is expected to increase over the next 2 years.
Viewed from a strategic perspective, your data represents the core of your business. You have invested a lot of TIME, MONEY and EFFORT in developing your business data. Contracts, sales records, proposals, accounting records, marketing material, business contacts, emails, and even digital photos taken at important events, etc., make up the bulk of your invaluable business assets, which you cannot afford to lose.
Top causes of data loss
There is no doubt that one of the main assets of a company is the data it stores. Information about customers, employees and finances, among other types of records, should be adequately protected and available whenever they are needed.
Data Loss Makes Your Business Suffer
- Your business data goes hand in hand with your business operations. The loss of such data, or even their temporary inaccessibility, may threaten your hard-earned competitive position.
- Companies without proactive backup and recovery policies are likely to be OUT OF BUSINESS within 2 years of a major disaster.
- Loss of business data may ruin your company’s reputation, and may lead to expensive litigation.
- Worst of all, it interrupts your business continuity.