Data loss can be a substantial cost for large companies and potentially disastrous for smaller organisations.
Despite the relatively minor costs required to backup data, many organisations still do not have a comprehensive backup regime that could save money, their reputation, and, potentially, the business.
“Losing critical information can affect a business’s bottom line,” says Lincoln Goldsmith, general manager, Acronis Australia and New Zealand.
“Organisations need to protect themselves against losses that could run into the millions by implementing an effective backup framework to secure and retrieve their data.”
Goldsmith has identified three key reasons investing in a comprehensive backup regime can save money for businesses of all sizes:
<b>1. Backup is the only way to fully protect business data</b>
Data loss can impact a business’s top and bottom lines. If it loses customer information, for example, then it can’t make sales and nor can it invoice customers.
A backup system is the only data protection process where the copy of data is separated from the production systems, and is stored independently of the business source. Such a system can protect a company against data loss.
<b>2. No disaster recovery plan works without backup</b>
Reliable cash flow depends on business continuity, which in turn relies on critical and non-critical data being readily available.
As such, disaster recovery is a vital part of business continuity and should be a central pillar of a business’s strategic planning. Disaster recovery will not work properly without an appropriate backup plan.
<b>3. Backup is a requirement to maintain compliance status</b>
Most regulatory compliance requirements dictate that organisations must protect and secure their data. With a comprehensive backup regime, companies can avoid big fines incurred by information security compliance breaches, as well as avoiding the data loss itself.
“Backup and disaster recovery planning, implementation, and regular testing are essential for business survival,” Goldsmith adds.
“Most businesses run on data and backup is the only way to protect it. Without reliable backup measures, businesses can be brought down due to data losses and the inability to continue operating after a disaster.”