A recent survey has highlighted that businesses who do not incorporate good business backup practices lose an estimated $400 million worth of data every year. Companies who store between 2 & 7 TB of data have suffered data loss in the last 12 months, with over half of those having lost data on more than one occasion. In business terms the cost of insufficient data protection costs businesses between 2-5% of their annual revenue.
In the current economic climate a loss like that has more of an effect than you think, but it shouldn’t happen. There is a hugely competitive business backup market out there calling out to help you protect your data.
In most cases business backup providers e.g. business cloud storage services, store your data on third party servers in remote locations, multiple times. This alone reduces the chance of data loss, but that’s not all business backup providers can offer. Financial level data encryption is imposed on upload, during storage and a key is needed on download in order to unscramble the contents. This protects your data from being lost courtesy of hackers, viruses or malicious staff. Storing your data away from its source is another simple, yet effective way of minimising the chances of loss. By storing a copy away from the original you will always have an alternative copy incase, natural disaster, human error or theft befall the original.
With the market as saturated as it is with business backup service at the moment, the companies who are still risking their data by not backing it up in an effective and efficient matter deserve to lose it.