Disasters of all kinds could inevitably hit your business at any time. Therefore, in addition to having a backup plan, you should also create and implement a disaster recovery plan to constantly provide you with business security, as well as avoid financial loss and going out of business.
Simply put, organizations that suffer data losses generally fail as a consequence.
In fact, that statement is based on study by the Department of Trade and Industry, which discovered that 70% of small businesses that experience a major data loss eventually go out of business within 18 months.
This statistics shows that a majority of small businesses have failed to protect themselves against a number of problems. According to Ontrack, data loss is due to the following:
- Human error â€“ 44% of the time
- System or hardware breakdown â€“ 32% of the time
- Software malfunction â€“ 14% of the time
- Computer virus â€“ 7% of the time
- Site disaster â€“ 3% of the time
Data loss is very catastrophicâ€”because your data is critical to your business. To illustrate this, just imagine the outcome if you lost access to your IT systems, including:
- Client databases
- Supplier information
- Financial reports and documentsâ€”from invoices to tax records
- Product catalogs
- Marketing materials
- Emails and correspondences
- Document templates
- Employee records
Like insurance to your business assets, the same idea is applicable to your data. Regardless of its location, your data needs to be constantly protected from every potential danger.
The good news is that with a strong disaster recovery plan and an efficient backup solution, you can easily resume business in just minutes or a few hours in most instances.
With these crucial things in mind, it’s best to protect your data to secure your business. Ask us how today.