Data loss has cost American businesses $18.2 billion a year – and that accounts only for the damages suffered by the PCs, and excluding related damages suffered by other equipment such as office mobile devices, servers, and printers. This data given by the Graziadio Business Review already has factored into this calculation the expenses for repairs, equipment replacement, loss of productivity in man hours, and potential loss of business opportunities. Narrow it further and each office might get to spend $20,000 for every 2 megabytes corrupted or permanently damaged. Downtime that results in operational paralysis, penalties paid for unfulfilled service-level agreements, unmet sales quotas, and other lapses in productivity can cost a company from $50,000 to $1,000,000 an hour, depending on the damage.
Ironically, some of this data loss can be prevented because many are caused by human failure or human neglect. Business Blogs attributes some of it to accidental deletion of files, the deterioration of the hard drive, or even mishandling of devices e.g. dropping it on the floor.
Power failure can likewise damage and corrupt data. Computer viruses can penetrate the system firewall and encrypt, steal, or rewrite it. One extreme yet all-too-real cause that can cause hundreds of thousands of dollars in data loss are calamities such as fire, earthquakes, and floods which can literally destroy computer servers, databases, and the information in it.
These incidents can happen despite the best precautions. Even the most productive, careful employee can make a mistake and push a button that can eliminate hours of hard work. Intensity levels of storms can rise unpredictably, with lightning hitting data centers or electrical grids that will shut down the flow of power. All of us can rest easier if we have a secure Backup and recovery system in place which stores all our data beyond the reach of any damage that happens in the physical workplace.
A Cloud-based Backup and Recovery software presents the highest level of impregnability and invulnerability to these threats. While it has the scale to cover the data that goes through a company and its many branches or data centers in other places, its virtual state in the digital sphere simply removes it from the threat. It would not be touched by a rampaging virus or be exposed to the corruption that can be triggered by a sudden power interruption. The files remain intact.
Second, the retrieval and accessibility to the files is quicker. While the repairs are ongoing for a specific laptop or server, the users can tap into their own files in the cloud using other safer devices. Their precious documents needed to serve a client or close a deal can be attained within minutes. Unlike companies that house their backup and storage equipment in an off-site premise, retrieval of data would not take hours; the staff can still use their time productively and not waste it in commute time.
Third, the organization and its personnel will suffer no downtime. None of the costs mentioned above will be required, and partnerships, alliances, and customer confidence will not be diminished. Business can go on as usual and the company’s reputation as a stable institution with safety measures in place remains intact.