Every company with an IT element will likely have heard plenty about backing up data and files. It is something that is often discussed and continually recommended but surprisingly, is also commonly ignored or overlooked by businesses.
Many companies either entirely fail to implement a backup solution for their data or routinely neglect the solutions they may have already implemented. This is understandable given the time and budgetary pressures which many SME’s are under, but is something which could cause your business huge problems down the line.
If your clients are amongst those who do overlook data backup, the following guide might just persuade help you to refocus their attention!
Why is Data Backup Important?
Studies have shown that 93% of all companies who lost crucial files and data for more than ten days have gone bust within one year of the disaster. That may seem an extraordinary statistic but if you really drill down to what a major data loss can mean to a company, it makes perfect – if worrying – sense.
If your client were to lose all of their data, this can include the personal data of its customers and other confidential and critical information, the immediate impact this would have on their businesses operations would have a number of damaging knock on effects. Customers and clients may take legal action against the firm for the loss of their data, for instance, and the reputation of the business can also be irreparably damaged.
What’s more, there is hardly a week that goes by when another potential threat to a company’s data and files isn’t reported. As well as the dangers of human error and system failure, business’s data can today also be subjected to a number of ransomware incursions, email phishing scams and other sophisticated cyber-attacks.