A business is built on data. Data is a key asset earned and garnered over time and the true worth of it can too often only be fully realised when it is lost through an accident or disaster.
We’ve all felt the frustration of data loss, like Word crashing before you’ve saved your document. Now imagine the panic and frustration if all your contacts, transactions, contracts and administration vanished into thin air… Losing data on a business-wide scale has severe consequences and could even lead to having to close your doors, especially after the introduction of GDPR.
Lose All Your Data, Lose All Your Business
A study of SMEs (small and medium enterprises) carried out by The Diffusion Group, revealed that 60% of companies that lose their data go out of business within six months. And 72% of businesses that endure a massive data loss can fail in as little as 24 hours.
Another study by the British Chambers of Commerce discovered that 93% of businesses that had a data loss for over 10 days went bankrupt within a year – 50% immediately! These figures should be nothing short of terrifying if you do not have a well-oiled data disaster recovery processes.
What Type of IT Backup Is Best?
Hard copies of data backups rely on space to store them but what happens if there was a fire or a flood? You could store them offsite but then someone has to physically go and get them, how long would that take? You are also more than likely to have gaps of missing data between saves. If you’re saving once a day, what happens if you have a system failure or breach before you made the hard copy? All that work gone or potentially held to ransom.
What about a backup solution that copies your entire IT system’s data every 15 minutes and recoverable in 30 minutes of a disaster? And it’s never turned off so you have backup’s 24 hours a day, 7 days a week! Sounds better already.
A backup and disaster recovery solution means it’s possible for your data to be saved both on equipment on your premises, for extremely rapid recovery and in the cloud, which allows recovery to any location. When time is money this is potentially a business saving proposition. It means your company is protected, your data safeguarded and gives you ‘bullet-proof’ business continuity that will allow you to sleep at night.