Why Small Businesses Must Backup Corporate Data
Thank you for taking the first step toward ensuring that your business survives a disaster.
Recent statistics portray an alarming picture of the dismal level of preparedness for continuing business after a disruption by small and medium businesses (SMBs). This is especially so in the area of data backup. According to a study by IDC, as much as 60% of corporate data resides unprotected on PC desktops and laptops. We can add servers to that list becasue they did not fare too well either. Here are some sobering numbers:
On computer data loss:
- A hard drive crashes every 15 seconds
- 2,000 laptops are stolen or lost every day
- 32% of data loss is caused by human error
- 31% of PC users have lost all of their PC files to events beyond their control
On business backup practices:
- 40% of Small and Medium Sized Businesses don’t back up their data at all.
- 60% of all data is held on PC Desktops and laptops.
- 40 - 50% of all backups are not fully recoverable and up to 60% of all backups fail in general.
- One-third of all computers sold are notebooks.
- Mobile workers in North America have represented the majority of the workforce since 2003.
On the cost of recouping data:
- It takes 19 days and costs $17,000 to retype 20 megabytes of sales data.
- The same volume of accounting data takes 21 days and costs $19,000.
- Recreating data from scratch is estimated to cost between $2000 and $8000 per MB.
- Insurance of business data is expensive, and in certain countries, insurance companies will not insure data.
- 60% of companies that lose their data close down within 6 months of the disaster.
- 72% of businesses that suffer major data loss disappear within 24 months.
A national Harris Interactive survey of 597 computer users reveals that:
- Nearly three out of five personal computer users have lost an electronic file they thought they had sufficiently stored.
- One in four users frequently back up digital files, even when 85 percent of computer users say they are very concerned about losing important digital data.
With an estimated 50% of SMBs operating without endpoint protection, 47% not backing up their data, and 28% of SMBs going out of business when a disaster strikes, it's time for a wake-up call.
Tech Prognosis has options like the Binary Guardian Managed Backup Service to help you securely backup your data locally and online.
As part of our efforts to educate business owners on this critical aspect of business continuity, Tech Prognosis is providing eBooks, whitepapers and articles.
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