Estimated $400 Million Being Lost in US Annually Due to Poor Data Protection Practices
25 Aprile 2012 - 2:00PM
Business Wire
A new survey released today, commissioned by Cloud-Connected
backup and recovery leader EVault Inc., a Seagate Company
(NASDAQ:STX), reveals that more than twenty percent of IT
organizations that manage between 2-7 TB of data suffered a data
loss in the past year—in fact, more than half of this group
suffered 2-3 data losses—each with an estimated average cost of 2-5
percent of total company revenues. Survey participants from the US
Northeast put this figure as high as 10 percent.
“As we peeled away the layers on this research, a troubling
picture emerged: The level of data loss is huge, and only 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 dollars annually, it is time to rethink
your priorities. Our survey reinforces that protecting digital
assets can bring far-reaching benefits well beyond that of securing
a competitive advantage – it can also prevent significant economic
loss.”
According to the EVault study, the key drivers for adopting data
protection were company best practices combined with competitive
differentiation —for the first time edging out the long-time
favorite, regulatory compliance.
Cloud-Based Disaster Recovery an SMB Opportunity for
2012
Widespread lack 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. According to Forrester, "Companies are not
only consolidating their backup sites, they're also decreasing the
distance between them. This is a red flag for companies whose DR
sites are close enough that they could be affected by the same
disaster."
“We’ve seen the benefits that remote, Cloud-connected storage
and disaster recovery services provide to an organization, and
moving data to the cloud is a very practical and cost-effective way
to manage and secure those IT assets,” said Cunningham. “There are
still huge opportunities for companies to improve their overall
disaster recovery strategies by incorporating off-premise solutions
and integrating mobile devices into the equation. We believe we
will 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 of US IT decision makers said they have some type of
disaster recovery plan in place, only 44 percent have remote,
cloud-based disaster recovery capabilities. Among the organizations
that don’t have remote Cloud service, three-quarters are
considering making Cloud-based disaster recovery a reality in
2012.
Organizations with over 1,000 employees are 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: So Many Users, So Few
Protections
The difficulty of protecting company data residing on mobile
devices stood out as one of the more serious threats from the
survey. Although 95 percent of US organizations said company
information resides on employees’ mobile devices (laptop computers,
tablets and smart phones), 40 percent of these have no plan to deal
with this potential vulnerability.
Expertise and Awareness: Key to Channel Growth?
The survey reveals that more than half of US respondents, 54
percent, utilize at least one service provider to support data
recovery, while 21 percent opt not to. Good news for the reseller
channel: 25 percent of survey respondents said they would like to
use local providers but are unaware of any with the relevant
expertise. If they could find providers with the right 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 would 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 has been lost and is
unrecoverable. Furthermore, 17 percent of those surveyed would
rather have their teeth pulled without using painkillers than
inform their bosses of the loss of critical data.
Survey Methodology
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 in the financial service
and retail industries across the two regions of the UK (North West
and South East England, including London), Paris Ile de France and
three regions of the United States (Northeast, Texas, and
California).
About EVault
More than 35,000 midmarket companies rely on EVault
cloud-connected backup and recovery services. Delivered by a team
of data recovery experts and using the very best cloud-connected
technology, EVault backup solutions seamlessly integrate on-premise
and online backup data protection for fast, 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, and many others. 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 in the United States and/or
other countries. EVault is a registered trademark of EVault, Inc.
in the United States and/or other countries. All other trademarks
or registered trademarks are the property of their respective
owners.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50251552&lang=en
Grafico Azioni Seagate Technology (NASDAQ:STX)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Seagate Technology (NASDAQ:STX)
Storico
Da Lug 2023 a Lug 2024