What will happen to your business if you suddenly lose all your data and cannot recover it quickly? Or completely? Chances are that you will go bankrupt. Approximately 93% of enterprises that suffered from a data center down time for more than 10 days filed for bankruptcy within a year of the outage. And even though the cost of data center downtime is hard to measure, a recent study initiated by Ponemon Institute indicated that on an average, downtime can cost an alarming $5,600 per minute or $336,000 per hour!
If you are one of the 58% of companies reported by the International Data Center that are using local backups to protect your data, then it is time to wake up. A local backup cannot in any way protect your data against ground realities such as theft, hardware and software failures, and other near fatal disasters.Most internet and technology-based businesses are data driven, whether they belong to the Fortune 500 category or the SME category. What is surprising though is the value that is given to the data and the sheer ignorance of the multiple risks a company faces when they lose their data.
Using a data center can help mitigate the risk of data loss, either due to physical conditions or due to bad management of data. A data center is professionally managed and is accessible only to well trained IT personnel. An organization, whether big or small, is not equipped to manage a data center on their own, because it is not their core competency and it distracts them from their main business. An organization that does not rely on a data center as part of their disaster recovery and business continuity plan is living on the edge when it comes to risk management and mitigation.
If you agree that a data center is the solution of choice when it comes to protecting your business and data, visit Lifeline Data Centers for a tour of our data center facilities or for a consultation.