If your business has never experienced data loss, then you might not fully understand the importance of data backup. However, you need to have reliable and efficient data backup systems in place as mitigation for any unfortunate eventuality. Here are some grim statistics on the disastrous nature of a possible data loss:
- 20% of small to medium business face the possibility of a critical data loss every 5 years, which often result in a disaster.
- 40% of the small to medium businesses using the internet will have their networks hacked by a cybercriminal. Worse still, 50% of them hardly realize their systems have been hacked.
- 93% of the businesses that suffered a data downtime of more than 10 days filed for bankruptcy in less than a year. 50% of these companies filed for bankruptcy on the spot.
How to store your data safely
You may have to invest in alternative data storage hardware, ranging from solid-state drives, hard disks, and servers. Remember that a backup copy of your files on your PC may not amount to much if the PC gets compromised.
However, you need to be aware that these physical storage devices have their limitations. They may malfunction, crash, or get stolen altogether. Besides, the initial cost of setting them up can be too high. For these reasons, you have to consider another option – moving to the cloud.
Moving to the Cloud
You may already be in the cloud, if you are using Gmail, Microsoft's OneDrive, or Yahoo mail. If your business has access to a high-speed stable internet connection, consider investing in cloud storage. It involves storing and backing up your files on a virtual online location so you can access them whenever and wherever the need arises. It means that you have to sign up for cloud storage services so you can upload your data.
Cloud storage has the advantage of flexibility since you can access your information from any internet-enabled device connected to the network. Also, it is can be more secure since it has the security features of the cloud system which you can employ alongside those of your business.
Why you need to back up your data
Continuity of your business
Every business requires continuous, uninterrupted access to its data. When your servers crash or get hacked, several critical activities of your business may come to a halt. These important activities include communications with your clients and suppliers and filing of business records. Disrupted communications may give your clients and suppliers a bad impression thus, casting the image of your business into disrepute. Backing up data means you can restore everything within the shortest time and get back to business as usual.
Safety net against cybercriminals
The threat of data downtime is real. Cybercriminals have upped their game and are now targeting any business. You may fall victim to a ransomware attack, and whether you pay the bad actors or not, the harm on your business would be catastrophic. But storing your files in a safe and reliable backup would leave the hackers smacking their heads in dismay because you would only have to reconfigure your systems and retrieve your info within a short time.
Cutting costs of data recovery
Once you have secured your data in an efficient backup system, it would be cheaper to recover it in the event of a downtime. If you do not back up your data, you may have to overhaul the entire system to get your business back on track, which could be very costly.
Planning can go a long way to mitigate any possible interruption to the data flow in your business. Our team of professionals can offer assistance in the backup and disaster recovery assessment of the status of your valuable data. Contact us for further info.