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EVault Survey Uncovers Preventable Data Losses, Some Costing Between 2-5 Percent of Total Revenue
EMERYVILLE, Calif., Apr 25, 2012 –/BackupReview.info/– A new survey released today, commissioned by Cloud-Connected backup and recovery leader EVault Inc., a Seagate Company (STX) , reveals that more than twenty percent of IT organizations that manage between 2-7 TB of data suffered a data loss in the past year–in fact, more than half of this group suffered 2-3 data losses–each with an estimated average cost of 2-5 percent of total company revenues. Survey participants from the US Northeast put this figure as high as 10 percent.
“As we peeled away the layers on this research, a troubling picture emerged: The level of data loss is huge, and only a few organizations are employing data protection best practices,” said Terry Cunningham, president and general manager of EVault. “When largely preventable data loss conservatively costs businesses hundreds of millions of dollars annually, it is time to rethink your priorities. Our survey reinforces that protecting digital assets can bring far-reaching benefits well beyond that of securing a competitive advantage — it can also prevent significant economic loss.”
According to the EVault study, the key drivers for adopting data protection were company best practices combined with competitive differentiation –for the first time edging out the long-time favorite, regulatory compliance.
Cloud-Based Disaster Recovery an SMB Opportunity for 2012
“We’ve seen the benefits that remote, Cloud-connected storage and disaster recovery services provide to an organization, and moving data to the cloud is a very practical and cost-effective way to manage and secure those IT assets,” said Cunningham. “There are still huge opportunities for companies to improve their overall disaster recovery strategies by incorporating off-premise solutions and integrating mobile devices into the equation. We believe we will see greater adoption in both areas in 2012.”
The EVault survey demonstrates that remote disaster recovery must become more of a strategic corporate imperative. While 95 percent of US IT decision makers said they have some type of disaster recovery plan in place, only 44 percent have remote, cloud-based disaster recovery capabilities. Among the organizations that don’t have remote Cloud service, three-quarters are considering making Cloud-based disaster recovery a reality in 2012.
Organizations with over 1,000 employees are more likely than smaller businesses to have a remote disaster recovery plan in place. US companies outperformed their international peers in similar occurrences.
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Copyright 2012 EVault, Inc. All rights reserved. Printed in USA. Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. EVault is a registered trademark of EVault, Inc. in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners.
SOURCE: EVault Inc.
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