Top 10 Reasons of why should we have Data Backup
Nowadays the majority of the businesses use mobile devices and computers to search for information and to perform and store data processes, but does the majority know the importance of data backup? Natural disasters can cause irreparable damage to a business if data is not backed up. According to an industry survey, Singapore businesses lose US$1 billion per year in unplanned downtime, which includes data loss and costs associated with retrieval. On top of lost time, other consequences of disruptions are loss of revenue (36%) and delays to product development (34%).
One company that experienced data loss is a content marketing agency Click2View. Simon Kearney, CEO of Click2View, mentioned that: "Several years ago our main server crashed and while it was recoverable, the cost of doing so was significant".
So here are our top 10 reasons why should we have Data Backup.
1. Prevent Data Loss
We've all heard about or experienced a tragic loss of data. The main reason for data backup is to save important files if a system crash or hard drive failure occurs.
2. Operation Plan B
There should be additional data backups if the original backups result in hard drive failure or data corruption. This option is best done via offsite or cloud storage. Additional backups are necessary if man-made or natural disasters occur. Storms and warfare can lead to the destruction of computers and servers due to floods and fire. Fortunately, we are in the age of cloud technology, where the backup of your data has become easier and more secure than ever before.
3. Tax Reporting and Audits
Tax authorities are notorious for audits. Laws differ among countries, but companies need to save financial and accounting data for tax reporting purposes. With data backup, companies can save face during audits.
4. Client Relationship
Saved information improves client relationship management, which leads to increased marketing and sales. Additionally, saved client information builds the value and trust of a company.
5. Investor Relations
Per investor relations, data backup reduces the tedious time to compile annual reports to shareholders. Saved information symbolizes a company's due diligence and organization. Without data backup, shareholders cannot make informed decisions or determine a company's value.
Backed up information streamlines the development of archives. With digital information, company history is in the making.
7. Gain Competitive Advantage
Saved company data can be a competitive advantage because many businesses fail to backup important data.
8. Improved Productivity
With existing backed up files, companies improve productivity by reducing wasted time. Archived files lead to comparative studies of the past and present to devise a more effective plan.
9. No Wasted Time
Data backup reduces ‘wasted time’ by preventing repetitions. Therefore, employees do not have to rewrite reports.
10. Peace of Mind
Regular data backups lead to peace of mind. In the event of a cybercrime, system crashes or disasters occur, there is a backup ready to go to restart a company's archive. It is never too late to start saving important company data. In the end, data backup is necessary to save the business from losing investors and customers and closing down.
From a business point-of-view, the loss of business correspondence, documents, and projects could be devastating. If you want to be prepared for future data losses, then do regular backups of your data, which is said to be the first step toward recovery. Retrieving data files from a backup is much easier and a smart move, which is why Achievement Solutions' tech leasing service provides a fully managed cloud backup service with proactive remote administration and monitoring, removing the backup operations headaches so you can focus on core projects instead of backup chores. This includes 3 forms of Onsite Backup: NAS Backup, Nakivo Backup and Veeam Backup. When you choose Achievement Solutions’ tech leasing service, you can be confident in your ability to find what you need when you need it, reduce downtime and get back up and running because your business depends on it and we want the very best for your business.