In 2017, it has been reported by the Washington, DC-based research firm Clutch that 140,000 hard drives fail in the United States each week. Yes, you read that correctly. Every single week. That means that in this year alone 7,280,000 hard drives will fail in the United States.
Even more alarming are the statistics that show 60% of all small businesses that lose data – one of the consequences of a hard drive failure if your organization is not properly prepared – will shut down within 6 months’ time. And since preparation for a failure is what determines the full impact a hard drive failure has on your business, it is even more shocking that 58% of companies have not prepared for data loss!
The odds, it seems, are not ever in your favor.
But they can be in your favor – with almost shocking ease – if you only take the right steps with the right trusted IT partner to protect your organization’s data. We’ve written recently on the true cost of downtime, which outlines how much it costs your company to lose access to your data for a distinct period of time. Data loss is another beast entirely. Data loss implies permanent downtime, or permanent loss of the important files and information that allow your business to operate.
There are 4 types of data you use in your business you want to protect:
- Mission Critical Data
This data includes files or information that, if lost, would make conducting business an impossibility. This includes data like case files for law firms, client data and transactions for insurance agencies, access to email, access to customer information, or financial records.
Prognosis: If this data is lost forever, you’re extremely likely to go out of business.
- Important Data
This represents the files and information that, if lost, would significantly impact your productivity. This includes Word files, Excel files, Project Management trackers, and other information that you use on a daily basis.
Prognosis: If this data is permanently lost, it will take your organization weeks or months to recover and cost a significant amount of lost revenue.
- Historical Data
Your historical data is made up of the files and information that make business growth and development easier to achieve. It’s your business intelligence, past customer databases, old financial records, and anything else you might turn to as you plan your next strategic business move.
Prognosis: If this data is lost, you can still operate but lose key competitive advantages.
- Protected Data
This one is a doozy – but only for some. This includes any and all data protected by federal regulation or compliance laws, such as PCI, HIPAA, the FTC Act, and many others.
Prognosis: If this data is lost and you’re in a regulated industry, you’re at risk of major fines, brand reputation damage, and potentially going out of business.
There is zero reason to feel at risk of data loss in today’s technological age. There are many ways to affordably protect your organization from such loss, especially with the help of a qualified, trusted IT provider. (Here are the 10 signs that your Twin Cities IT provider isn’t doing their job.)
KLH IT has years of experience protecting our clients from downtime and data loss. Contact us at (952) 258-8200 for more information on our Server Maintenance and Backup and Recovery services.