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Yet Businesses Still Struggle To Protect Information Efficiently
MOUNTAIN VIEW, Calif. – June 26, 2012 – /BackupReview.info/ — Symantec Corp. (Nasdaq: SYMC) today announced that information costs businesses worldwide $1.1 trillion annually, according to its first ever State of Information Survey. From confidential customer information, to intellectual property, to financial transactions, organizations possess massive amounts of information that not only enable them to be competitive and efficient – but also stay in business. In fact, the survey revealed that digital information makes up 49 percent of an organization’s total value.
Read more detailed blog post: State of Information – http://bit.ly/Lzhz22
“The vast amount of information that organizations produce today can help them better serve their customers and increase productivity. However, the same information can also become a major liability if it is not properly protected. Companies that effectively use their information will have a major competitive advantage over those who cannot, and in some cases it can be the difference between success and failure,” said Francis deSouza, group president, Enterprise Products and Services, Symantec Corp. “With its increasing value and rising cost, successful companies will find ways to more effectively protect their information and unleash the productivity it can bring.”
Click to Tweet: Digital information costs businesses $1.1 trillion. Is the money being spent wisely? http://bit.ly/LjaIvn
Information is Skyrocketing and It’s Expensive
On average, enterprises spend $38 million annually on information, while SMBs spend $332,000. However, the yearly cost per employee for SMBs is a lot higher at $3,670, versus $3,297 for enterprise. For example, a typical 50-employee small business spends $183,500 on information management, whereas a typical large enterprise with 2,500 employees would spend $8.2 million.
The Business Impact of Lost Information
Protection Measures are Falling Short
All these risks and inefficiencies result in businesses spending more than necessary on storing and protecting their information. A key issue identified by 30 percent of businesses is information sprawl – the overwhelming growth of information that is unorganized, difficult to access and often duplicated elsewhere.
Businesses Need to Put the “I” Back in “IT”
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Forward-looking Statements: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.
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