According to most experts, 2.5 quintillion bytes of data are being created each day, and 90% of the data that exists in the world today has been created in the last two years alone. By the year 2020, it is estimated that 1.7 megabytes of new information will be created every second for every human being on the planet.
More data brings more opportunities to businesses, but it brings new challenges with it, too. A specific challenge that many organizations are facing is safely storing and backing up the unprecedented amounts of data that they are finding themselves in charge of. Research shows that 60% of companies that improperly manage their data and lose it to a disaster will shut down within six months of the event. The importance of a proper disaster recovery plan is more critical than it ever has been before.
Here are six shocking statistics you may not know about Disaster Recovery. They might make you rethink the necessity of having a proven, tested plan in place should something go wrong.
- Human error is the top cause of datacenter downtime, accounting for 60% of disasters.
- 60% of companies that lose their data to a disaster will shut down within six months of the event.
- One hour of network downtime costs 80% of small and medium-sized businesses (SMBs) at least $20,000.
- For the other 20% of SMBs, one hour of downtime runs at hefty a minimum of $100,000.
- 90% of companies have reported that they have more than one backup and recovery tool in place.
- 79% of companies have had a major IT failure in the past two years. It’s a common occurrence.
Data and technology are at the core of every modern business. Without them, an organization can’t run properly. Backing up your systems and your data and having a way to keep your people able to do their jobs in the face of a disaster is no longer a luxury, it is a necessity.