Because Your Business Data is Money
As a business leader you value your business. And you value the information and the data that it depends on; client records, quotes, invoices, accounting d ata, product information, mailing lists and marketing materials. The loss of such information can disrupt business, devalue an organization and might even be the cause of death for a company.
Some of the most important assets in your business are your data and time. Lose access to data and you’ve lost time. On average 20Mb of data takes 30 hours to build and is worth up to $50 000.
A Lot of businesses backup data using tape backup; but is it done daily? Who in the company is responsible for making sure it happens? Are they qualified and is it what they're paid for? Are tapes stored securely off-site? Will the restore actually work when it's needed?
Here are some sobering statistics: 99% of all business do not do a daily backup, 60% of backups are incomplete, 50% of restores fail, only 25% of tapes stored off-site and end user compliance with backups is only 8%. And the consequences of this can be severe:
"On average, by the 6th day of a major data loss, companies experience a 25% loss in daily revenue. By day 25 it is 40%."
"53% of companies that experience significant data loss see declining revenues."
"43% of companies that experience a severe data loss disaster, and that have no recovery plan in place, never re-open."