If you find yourself now in a situation where you have to deal with an explosion in the volume of your business data, you are not alone. The accelerating pace of data creation, accumulation, and diffusion is becoming an increasingly common phenomenon among companies throughout the world today. Data is growing exponentially due to widespread use of the Internet, email, and media-rich software. As early as 2002, International Data Corporation (IDC) projected a dizzying annual data growth rate of 80%.
Viewed from a strategic perspective, your data represents the core of your business. You have invested a lot of TIME, MONEY and EFFORT in developing your business data. Contracts, sales records, proposals, accounting records, marketing material, business contacts, emails, and even digital photos taken of important events, etc., make up the bulk of your invaluable business assets, which you cannot afford to lose. Studies have shown that:
Your business data goes hand in hand with your business operations. The loss of such data, or even its temporary inaccessibility, may threaten your hard-earned competitive position. Companies without proactive backup and recovery policies are more likely to be OUT OF BUSINESS within 2 years of a major disaster. 4 Loss of business data may ruin your company's reputation, and may lead to expensive litigation. Worst of all, it interrupts your business continuity.
Poor "unstructured" conventional backup methodologies, such as tape, CD Rom, and external hard drive, etc., are not good enough because of:
1David M. Smith, PhD. "The importance of investing in that ounce of prevention." The Cost of Lost Data. 2003.
2Recent study from Ontrack Data
3Breach Study,Oct. 2005 Ponemon Institute
4Study by the National Archives and Records Administration