11 very frightening statistics on data loss and backup

by | Apr 11, 2016 | Business Continuity, Cloud & Hosting

The statistics on data loss and backup are no laughing matter.

Many people believe a disaster (be it man-made or mother nature) will never happen at their workplace. And, as a result, are quite lax about making sure they have the appropriate technology to support their business. The below are recent statistics on data loss and backup that will make you re-think that choice:

  • 86% of server workloads are forecast to be virtualized by 2016 (2014-­15 Virtual Server Backup Software Buyer Guide)
  • The number one IT priority for mid-market organizations over the next 12 months is to improve data backup and recovery. (ESG Lab Review: Data Protection, Recovery and Business Continuity with SIRIS 2 from Datto)
  • 96% of all business workstations are not being backed up (Contingency Planning and Strategic Research Corporation)
  • 58% of downtime incidents are caused by human error alone. Natural disaster account for only 10% of downtime (Enterprise and the Cost of Downtime, Independent Oracle User Group, 2012)
  • 35% of servers have a downtime tolerance of 15 minutes or less (ESG Research: BC/DR Survey Final Results, Enterprise Strategy Group, 2015)
  • The leading cause of incidents and outages is hardware failure/server room failures. Next is environmental disasters, and last is miscellaneous outages (The 2015 Disaster Recovery & Business Continuity Survey)
  • 93% of companies that lost their data center for 10 days or more during a disaster, filed for bankruptcy within one year of the disaster (National Archives & Records Administration in Washington)
  • Of companies that suffer catastrophic data loss: 43% never reopen and 51% close within two years (University of Texas)
  • 30% of all businesses that have a major fire go out of business within a year and 70% fail within five years (Boston Computing Network, Data Loss Statistics)
  • The average cost of downtime per hour is $25,000 to $50,000+ (Advertorial Infographic: Why Disaster Recovery in the Cloud Should Be in Your Plans, International Data Group, 2015)
  • Companies with 100 – ­2,000 employees are likely to experience costs over $20,000 in the event of a disaster (The 2015 Disaster Recovery & Business Continuity Survey)

Know the statistics on data loss–and contact us about protecting your business’ most valuable asset. . .its data.

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Tracy Rock is the Director of Marketing at Invenio IT. Tracy is responsible for all media-related initiatives as well as external communications—including, branding, public relations, promotions, advertising and social media. She is one busy lady and we are lucky to have her!