The ways businesses can lose essential data are numerous.
Whether it’s file corruption, hardware failure, malware attack, accidental deletion or a natural disaster, every business is at risk. While you might wave away the idea you could unknowingly scrap an important file, accidental deletion is in fact one of the most common forms of data loss. You will have definitely seen the headlines about businesses crippled by ransomware – and you need to be aware the same thing most certainly can happen to you.
The loss of an essential file means it has to be rebuilt, which will eat up hours of time that could be spent on other critical tasks. Every business has important data that would be difficult or, in some cases, impossible to recreate. Months or years of financial information would be impossible to replace, yet many businesses store their accounting or other critical data on a single workstation with no duplicates.
Use this simple calculation to justify why you may need to look at how your data is managed. Simply swap out the figures and do the maths for your business:
25 employee company £100,000 revenue per employee per year
25 employees multiply £100,000 per year = £2.5 million in total revenue per year
250 working days per year = £400 in revenue per day
£400 X 25 employees = £10,000 in revenue per day
TOTAL IMPACT:
Lost productivity: £10,000 per day
Remediation: £800 per day
