‘No firm is ever too small’ for data backup and recovery – Thought Feast
Small businesses need to have such backup protection in place just as much as their larger counterparts, Stage 2 Data told itbusiness.ca.
Just because operations are on a smaller scale does not mean these companies will be safe from the consequences that can occur when an unexpected incident happens. However, small firms are realising the advantages that can be had from putting up defences for their IT infrastructure.
President and co-founder of the organisation Jeff Collier explained that small and medium-sized business owners have, in part, become more aware of data compliance breaches and incidents due to media reports.
“If your business handles transaction records between your company and customers or suppliers, you could have some form of financial data in your premises that is your responsibility. If you provide some form of service, you may have private medical or personal information,” he stated.
Some of the consequences that could arise from not properly backing up corporate information includes damage to reputation, especially if clients and customers are left at risk of their private details being leaked to third parties.
This could drive them away to rivals who they deem to be better able to act in their interests.
However, while firms might realise the importance of disaster recovery efforts, this does not mean they are necessarily spending appropriate levels of money on it.
A recent study by Forrester Research found that 60 per cent of firms questioned believe business continuity and disaster recovery are important – but these sentiments are not always translated into budgets, with consolidation and virtualisation often seen as bigger priorities.
In 2011, budgets for data recovery and business continuity accounted for six per cent of total spending, while the previous year, just less than a third of organisations said they would hike up expenditure in these areas by six per cent.