In a recent press release Gartner proclaimed that businesses let the money flow into a drain as far as data backup spending is concerned. Companies reportedly spend 20% more than actually needed – this equates to a whopping $10 billion in wasted cash worldwide. Many organizations – just like it’s the case with individuals and their own private computing habits – don’t invest in data backups until it’s too late. Further, companies seem to invest 20 times more on servers and networking technologies and not on data backups. Here are some of the things companies do, and we wish it wasn’t like that:
Data loss is widespread so data backup is needed
A survey by evault.com in association with computer weekly determined that more than 45% of companies in the survey suffered data losses in the last 12 months. For about 10% of these companies, data loss instances occurred more than 4-5 times. The loss attributed to data loss occurrences stretches into millions of dollars apart from loss of employee productivity, customer confidence, and business process delays.
Clearly, data backups aren’t a fancy cross-sell option for companies to consider. It’s perhaps more important than investing in servers or networking products so to speak.
Data backups, just in case
Businesses also have data. Some of this data can be mission critical while most of it tends not to be so important. Even then, businesses go ahead and backup almost every byte of data ever produced. This kind of approach leads to more investments in storage, added manpower, extended business analytics, and added network capacity that companies don’t really need. It’s important to classify data as critical, important but not critical, not so important, and transient data so that a strategic plan is in place to figure out what data needs backup and what doesn’t.
Data backup = number of years?
Some companies go to the extent of storing data for decades. For a better business impact assessment, it’s crucial to arrive at the right storage time for every set of data companies want to store or backup. Thankfully, at least at the outset, many large organizations are beginning to look at a more discriminatory approach for the number of years data needs to be stored on their servers. A recent Garner survey has good news: more than 50% of companies surveyed that use data backups revealed that backup data lives for less than or equal to 90 days.
In the year 2009, the average time for data backup was for at least 2 years.
With the amount data –used, consumed, stored, and analyzed – growing rapidly in the past few years, companies increasingly understand the need to backup enterprise data efficiently, seamlessly, and quickly. If you are looking for a way to back up your company data, please give us a tinkle and we’ll be happy to consult you to do it today.
Data loss is revenue loss. What do you think?
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