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Backup & Disaster Recovery: Necessary for the Enterprise

In the pursuit of efficiency and optimization, enterprises transcended the paper era and entered the digital era. The workspace is no longer the same anymore. Instead of a ton of office equipment, a single desktop computer and/or a laptop is more than enough. Utilization of digital equipment led to the generation and continuous growth of digital data; which in turn led to the requirements and innovation of data storage: on-premises at first and then enterprise cloud storage later.

Enterprise Cloud Storage: Empowering Productivity & Work Efficiency

By using cloud based storage, enterprises considerably improved productivity and increased work efficiency. Instead of a sequential workflow, the cloud facilitates parallel workflows. And with the cloud, accessibility is made simpler and faster. Instead of working from a single workstation, staff can operate without geographic limitations or time restrictions. This has enhanced the ways enterprises function and operate.

Continuous utilization of cloud environments has generated data lakes for enterprises. Due to the block level storage of the cloud, scalability is simplified and accommodating to the big data generated by industries. However, with the large amount of data and the enterprise reliance on this data; it becomes equally important to acquire capable and reliable means of backing up and recovering this data.

Data loss tends to be disastrous for an enterprise while downtime has severe financial repercussions; while both do have a tendency to lead enterprises into bankruptcy.

What Data Loss does to the Enterprise

The above infographic explains why data loss is completely intolerable for the enterprise. So, the question arises: What are the main causes of data loss? 

Major Causes of Data Loss/Downtime

Conventionally, it is assumed that most downtime and hence data loss is caused by either ransomware/cybercrime or natural disasters. However, statistics suggest otherwise. Evidently, most of the downtimes are caused by power or system failures; natural disasters and cybercrimes make up a much smaller part of the causes.

This is why enterprises that aren’t located in disaster prone areas, and are reliant on their data, should employ backup and disaster recovery services.

Verily, data loss can incur regrettable consequences; however, disruption and downtime also incur serious financial losses. Enterprises can avoid these financial losses by using disaster recovery (DR) services.

According to Statista, approximately 14% enterprises experience $5 million per hour due to server downtime whereas 24% endure losses between $400K to $500K per hour.  (Source: https://www.statista.com/statistics/753938/worldwide-enterprise-server-hourly-downtime-cost/ )

Conclusion

Enterprises use cloud storage to optimize and facilitate processes. However, using these services generate a lot of data that the enterprise relies on. Data loss and downtime incur financial losses and most enterprises end up either bankrupt or financially challenges due to them. That’s why enterprises need to acquire backup and DR services and devise a proper backup and disaster recovery plan to ensure that the enterprise doesn’t lose mission critical data, doesn’t undergo downtime and keeps growing. 

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