Despite data backup technology being around for a long time, a multitude of businesses still lose data simply because of improper implementation of backup controls - or lack thereof. Going by industry statistics, it is quite shocking and revealing to understand the estimates of data loss from the myriad of issues that trigger data loss. Some of these data loss issues can be pinned down to disastrous activities such as process failures, systemic failures, insider threats, and external threats such as ransomware attacks that virtually cripple business operations, and consequently impact business revenue streams to the tune of billions of dollars. This article goes on to break down the relevant statistics for sensitization on the importance of data backups.
According to a recent study by Invenio IT:-
- 40%-60% of small businesses never reopen after a major disaster. This is attributed to events such as massive data loss. Data loss could permanently close the doors of smaller businesses that don’t have backup controls to remedy such eventualities.
- Downtime costs between 10,000 dollars to 5 million dollars per hour. This explains why so many businesses don’t survive after a tragic data loss event.
- 19% of businesses have recently succumbed to a data breach. Hackers typically steal data or encrypt it to seek for collateral.
- 200% increase in downtime costs from ransomware. In the opinion of Datto, downtime caused by ransomware have increased by 200% over the past year.
- 60% of backups are incomplete and 50% of backup restores fail. Too many businesses are relying on outdated backup technology.
- 96% of businesses that have a proper disaster recovery solution in place fully recover operations. This proves that good data backup provides value to businesses as they can be extremely effective in managing disasters.
- Only 2% of businesses recover in less than 60 minutes.
- 37% of small and medium businesses have lost data in the cloud.
These are just but a few statistics that are out there about disaster recovery and data loss. The bottom line is that businesses have not been sensitized enough on the importance of backups and its essential for businesses to continue to think critically about their data backup controls as a means to survive in the event of disastrous events.
Backup Ninja to the Rescue!
Backup Ninja is a simple, secure, and cost-effective SaaS service that any business can use to back up the most popular open-source databases. With Backup Ninja, businesses may benefit from fully automated backups and restoration of their critical databases as well as files. Not to mention, rich backup features such as data encryption and compression, dynamic scheduling, and task logs among others using a simple web interface.
The end game of using Backup Ninja is the ability to seamlessly backup on-premise or on multiple cloud options as well as being able to leverage on advanced end-to-end security which ultimately saves businesses the time and effort, not to mention the pitfalls when maintaining home-grown backup solutions.