You may see natural disasters on TV or read about them but not completely understand the vulnerability associated with this issue. Actually, the risk is almost throughout the industry.
More than half of organizations (58%) are not ready for a major loss of data. Actually, the extent to which firms are unprepared is very worrisome: 60% will go bankrupt within 6 months, according to data from Washington, DC-based research firm Clutch. Also according to the statistics compiled by Clutch, cloud backup is on the rise, with:
- 84% of the organizations that have already adopted cloud backup having implemented both on-premises and cloud backups;
- 68% of cloud backup business customers testing their backups at least once per month; and
- 78% of small businesses planning to use cloud-hosted backup by 2020.
To set aside the specific technology of cloud backup, the need for disaster recovery is clear from the data on the business impact of large data losses. Since it is possible to have a disaster completely take you by surprise, and to in turn lose thousands or millions operationally and economically, it is a basic business need to have a disaster recovery plan implemented.