Lost my Data
Data loss, these two words are enough to send a chill down the spine of many an entrepreneur across the world. In today’s day and age, data is everything. Entire corporations are built on data, huge amounts of it. To fathom that the data a company has spent years collecting, creating and developing can be lost is difficult for most. With more and more enterprises switching to cloud-based storage for their data, it is important to take measures to prevent data loss.

The Numbers Tell a Story

  • 47% of all enterprises experienced data loss. 37% of small to medium businesses also had to deal with the same.
  • 66% of the companies that did lose data were unable to recover it.
  • Only 13% of the data loss occurred due to hacking, otherwise perceived as the foremost cause of data loss. 17% was due to overwriting by the users and a staggering 47% due to the users deleting the data.
  • 60% of the companies that lose data are shut down within a year.
  • 70% of all businesses are expected to experience data loss. (*)

The numbers tell a story, a rather grim one. It goes to show how valid a concern data loss is and why you need to take action right away.

You Didn’t Expect That to Happen, Did You?

As mentioned above, there is a general perception that a large percentage of data loss occurs due to hacking. That may be true as far as individual users are concerned but not with enterprises. The probable causes are accidental deletion, overwriting and malware. However, there are some other causes of data loss not many people expect.

Theft

The main machine on which you have stored the data, the server, can be stolen. So can your laptop, even more easily. It doesn’t take much for someone to break in, pick it up and leave with it.

Fire

The machines or devices on which you save the data could get damaged or destroyed if a fire breaks out in the workplace.

Natural Disasters

Earthquakes and floods are just two of the natural disasters that can destroy the equipment you use for storing your data.

Hardware failure

There is a realistic chance of hardware failure as well. In fact, the chance of your system getting struck by lightning or your hard disk crashing is greater than that of a storm or flood damaging the machines. There is also the risk of mechanical failure.

While hardware failure and human error are the two most common causes of data loss, and could be avoided with a localized backup. Other causes such as theft or fire have smaller probability but require storing data in a separate physical location, i.e. the cloud.

To round things off, let’s look at the estimated cost of data loss. Unless you have a backup, you might lose important documents and files related to your business. This may include legal documents, receipts, communications with suppliers and customers, etc. Having to obtain a copy if you lose the data can be tedious. Plus, you might have to replace the machines or equipment that got destroyed. Then come the man hours spent on restoring the data. It is possible that some employees might have to forgo their usual tasks and help with rectifying the situation.

As you can see, the cost of data loss could balloon into an enormous amount. In fact, it can be said that working out the exact amount may not even be possible. Better safe than sorry, for a small amount every month, businesses and individual users can keep their data safe and accessible in the cloud with diskmiss Backup.

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(*) http://blog.backupify.com/2013/04/09/11-stats-on-data-loss-you-need-to-know/