Estimated $400 Million Being Lost in US Annually Due to Poor Data Protection …
EMERYVILLE, Calif., Apr 25, 2012 (BUSINESS WIRE) — a brand new survey released today, commissioned by Cloud-Connected backup and recovery leader EVault Inc., a Seagate Company /quotes/zigman/118457/quotes/nls/stx STX +1.77% , reveals that greater than twenty percent of IT organizations that manage between 2-7 TB of information suffered an information loss previously year–in reality, greater than 1/2 this group suffered 2-3 data losses–each with an estimated average cost of two-5 percent of total company revenues. Survey participants from the usa Northeast put this figure as high as 10 percent.
“As we peeled away the layers in this research, a troubling picture emerged: The extent of knowledge loss is large, and just a few organizations are employing data protection best practices,” said Terry Cunningham, president and general manager of EVault. “When largely preventable data loss conservatively costs businesses hundreds of millions of bucks annually, it’s time to rethink your priorities. Our survey reinforces that protecting digital assets can bring far-reaching benefits well past that of securing a competitive advantage — it might also prevent significant economic loss.”
According to the EVault study, the most important drivers for adopting data protection were company best practices combined with competitive differentiation –for the primary time edging out the long-time favorite, regulatory compliance.
Cloud-Based Disaster Recovery an SMB Opportunity for 2012
Widespread loss of data protection readiness is highlighted in a related report from an independent Forrester Research, Inc. report, “State Of Enterprise Disaster Recovery Preparedness, Q2 2011,” published May 18, 2011. In step with Forrester, “Companies aren’t only consolidating their backup sites, they’re also decreasing the space between them. This can be a red flag for corporations whose DR sites are close enough that they might be laid low with the identical disaster.”
“We have seen the advantages that remote, Cloud-connected storage and disaster recovery services provide to a corporation, and moving data to the cloud is an awfully practical and price-effective technique to manage and secure those IT assets,” said Cunningham. “There are still huge opportunities for corporations to enhance their overall disaster recovery strategies by incorporating off-premise solutions and integrating mobile devices into the equation. We believe we shall see greater adoption in both areas in 2012.”
The EVault survey demonstrates that remote disaster recovery must become more of a strategic corporate imperative. While 95 percent folks IT decision makers said they’ve some sort of disaster recovery plan in place, only 44 percent have remote, cloud-based disaster recovery capabilities. A number of the organizations that do not have remote Cloud service, three-quarters are considering making Cloud-based disaster recovery a reality in 2012.
Organizations with over 1,000 employees are much more likely than smaller businesses to have a remote disaster recovery plan in place. US companies outperformed their international peers in similar occurrences.
The Threat to Mobile Data: Such a lot of Users, So Few Protections
The difficulty of shielding company data residing on mobile devices stood out as among the many more serious threats from the survey. Although 95 percent people organizations said company information resides on employees’ mobile devices (laptop computers, tablets and smart phones), 40 percent of those haven’t any plan to handle this potential vulnerability.
Expertise and Awareness: Key to Channel Growth?
The survey reveals that greater than 1/2 US respondents, 54 percent, utilize no less than one organization to support data recovery, while 21 percent opt to not. Excellent news for the reseller channel: 25 percent of survey respondents said they want to make use of local providers but are blind to any with the relevant expertise. In the event that they could find providers with the appropriate expertise, 42 percent would consider outsourcing their backup and recovery needs.
IT Decision Makers Dread Giving Bosses Bad News
On a lighter note, almost half, 48 percent, of all respondents noted that they might rather perform a solo of Lady Gaga’s Poker Face at their company holiday party than inform the company’s senior leadership that vital company data have been lost and is unrecoverable. Furthermore, 17 percent of these surveyed would rather have their teeth pulled without using painkillers than inform their bosses of the lack of critical data.
EVault commissioned Vanson Bourne, an independent research company, to conduct this study of trends in data storage and related services. Between November and December of 2011, Vanson Bourne interviewed 250 IT decision makers within the financial service and retail industries around the two regions of the united kingdom (North West and South East England, including London), Paris Ile de France and 3 regions of the us (Northeast, Texas, and California).
More than 35,000 midmarket companies depend upon EVault cloud-connected backup and recovery services. Delivered by a team of information recovery experts and using the superior cloud-connected technology, EVault backup solutions seamlessly integrate on-premise and online backup data protection for instant, local data access and ensured cloud disaster recovery. Optimized for distributed environments and backed by an ironclad cloud, EVault technology also powers the offerings of cloud services providers, data centers, telcos, ISVs, etc. EVault is a Seagate Company.
Copyright 2012 EVault, Inc. All rights reserved. Printed in USA. Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC within the Country and/or other countries. EVault is a registered trademark of EVault, Inc. within the Usa and/or other countries. All other trademarks or registered trademarks are the valuables in their respective owners.
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SOURCE: EVault Inc.
LaunchSquad Beth Sanzone, 1-415-625-8555 EVault@LaunchSquad.com
Copyright Business Wire 2012
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April 24, 2012 4:00p