Learn why data backup for businesses is important and what is its impact?
In today’s world, data is the new oil. Businesses need data for the smooth running of existing operations and for future progress. Loss of data can occur due to a number of reasons such as human error, theft, system failure, and the striking of a disaster. Whereas accidents cannot be prevented completely, we can take certain measures to reduce their detrimental impact. Data backup is one such way to do that.
Data backup is the process of creating multiple copies of data and storing them at numerous places such as on cloud systems, hard drives, and other systems. This is done to preserve the important data in case the original data is lost from the system.
The importance of data backup for businesses cannot be overstated. Let us take a look at some of the important reasons why data backup and recovery are crucial for your business.
Human Error Cannot Be Ruled Out
- To err is human. Even the brightest people make mistakes, so can your employees. A simple human error such as pressing the wrong key and deleting important data or spilling tea over a computer and damaging its hard drive can result in the loss of data.
To minimize the negative consequences of such human errors, businesses should adopt the practices of performing quality assurance to keep the data unadulterated and running frequent data backups.
Natural Disasters Can Strike Out Of the Blue
- No infrastructure is strong enough to withstand natural calamities such as earthquakes, hurricanes, fires, and floods, etc. Natural calamities often come unannounced and strike out of the blue. They can cause significant infrastructural damage and wipe out the machines that store your data.
This is is why experts emphasize the need of storing and backing up data on cloud systems that are free from the barriers of physical space and gadgets and allow you to access your data from anywhere across the world. Businesses that back up their data in cloud systems can locate key information from the storage solution on the Cloud and can continue with their operations in the aftermath of a natural disaster.
Saves From Reputational Damage
- Multiple reputable companies such as Salesforce, Lloyds, Barclays, and Bank of America suffered huge data losses. This does not only lead to immediate financial losses but also damages the reputation of the company. Customers are less likely to trust those companies that do not have a solid data backup and recovery plan.
On the other hand, you can earn the trust and confidence of customers, shareholders, investors, and the staff if your company performs multiple data backups periodically and has a solid data recovery plan. Hence, it gives you a competitive advantage and saves you from reputational damage and losses.
Reduces The Fallout From Data Theft
- Most businesses face corporate theft and espionage at some point. According to Biscom, 85% of employees take the documents they had created and worked on when they leave the company. They consider it their intellectual property and delete them from the system after taking them.
What is alarming is that 30% of employees even took the data they had no part in creating. 20% of the employees claimed that if they are fired, they would delete important data from the system that they have access to, out of anger. Some said they would gladly share it with the competitors.
- For all such instances, businesses should back up their data at multiple secure and secret places.
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