60% of companies that lose their data will shut down within 6 months of the disaster.
93% of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster. 50% of businesses that found themselves without data management for this same time period filed for bankruptcy immediately. (Source: National Archives & Records Administration in Washington)
Companies that aren’t able to to resume operations within ten days (of a disaster hit) are not likely to survive. (Strategic Research Institute)
30% of small businesses admit they have no formal and storage procedures, or do not implement their procedures consistently. (Imation’s Small Business Survey Special Report)
55% of small businesses rated themselves as “fair” or “poor” in terms of having a documented disaster recovery plan, or do not have one at all.
Review and evaluation of data backup and storage procedures is not a common practice among small businesses.
31% of PC users have lost all of their files due to events beyond their control.
34% of companies fail to test their tape backups, and of those that do, 77% have found tape backup failures..
30% of all businesses that have a major fire go out of business within a year. 70% fail within five years (Source: Home Computing Magazine)
Hardware or system failure accounts for 78% of all data loss – Human error accounts for 11% of all data loss
Software corruption accounts for 7% of all data loss – Natural disasters account for only 1% of all data loss.
At what point is the survival of your company at risk? 40% said 72 hours, 21% said 48 hours, 15% said 24 hours, 8% said 8 hours, 9% said 4 hours, 3% said 1 hour, 4% said within the hour. (Ontrack – 2001 Cost of Downtime Survey Results, 2001)
A single incident of data loss costs business an average of 6244 (Price Waterhouse Coopers Survey)
Nearly all companies do not take steps to avoid this happening until after it has occurred!
Knowall can help you prevent network disasters as well as help you plan and recover in worst case scenarios
Categories: Thought of the day