What You Should Know About Data Loss

Data LossData loss isn’t something you want to think about in your company, but it’s something you need to understand in order to protect the assets of your business.

Data is generally used in one of 3 ways in business.

1. It helps to understand customer behavior that can be used to improve services.
2. Its ability to analyze seasonal data trends.
3. Use for comparison of operating budgets with expenses.

In an ideal world all data would stay safe. Did you know that over 80% of businesses will be affected by the loss of data at some point? There can be some common issues where data can be irretrievably lost.

  • Server or hardware failure.
  • Power outage.
  • Cyber attack.
  • Malware or ransomware.

Losing valuable data can cost your business. There will be a loss of productivity during the time that your computers or servers are down. You can lose business because customers become angry and head to the competition. There can also be costs for the business when system recovery and future maintenance is done.

Many unplanned downtimes for small and mid-sized businesses can last for up to 24 hours. This can cause you financial losses of up to $25,000 an hour.

While most businesses have backup storage plans in place to prevent data loss, often these may not be as secure as you think. Perhaps one of the common issues is that having only one backup method can lead to a single point of failure. If even your backup doesn’t work when it should, this can lead to further losses and downtimes.

Three of the common storage methods that are used by many businesses today can lead to future issues in data loss. USB drives can easily be lost or stolen. They are also easily damaged. They also require an intention, so if you forget to use them twice a day, your data is inadequately backed up.

Tape backups are still used today, but the tape can degrade over time. It can also be vulnerable to temperature changes. These can involve a lengthy recovery process too.

There are also free online file sharing services. These also involve an intention to copy files over. There is no automatic backup.

None of these methods may support regulatory compliance efforts for security or privacy.

It’s important that your company’s data is fully protected. The best method involves the 3-2-1 backup rule. This means that you have 3 copies of your data files. You’ll keep these files on 2 different storage types. And you’ll keep 1 copy stored offsite.

The best data backup solution involves a hybrid process. This means that two copies of your data backup will be kept onsite, and one will be kept in the Cloud. In the event of a data loss, you’ll be able to access any one of these three current backups and quickly get your business up and running again.

If you’re interested in learning more about how to decrease the impact of a potential data loss at your business, company, or organization, please contact iConnect Technologies today.

Lifetime Storage

Is Your Aging Infrastructure Putting You At Risk?