The following scenarios highlight the importance of using separate systems and locations in the event of data failure. Storing data copies in more than one format and location ensures operational recovery in the event of primary data loss or corruption. Without the right data backup solution in place, your files and information could be rendered inaccessible. Many on-premises solutions may not provide automatic cloud backup options, which can increase the risk of losing sensitive business data for good. This ensures that file corruption, user error, system failures, and other causes of data loss do not compromise an organization’s data security. Why data backup solutions are so vitalīacking up files creates a copy of data for easy retrieval in the event of data loss. While cloud providers have responded to this concern by investing in controls to meet regulatory compliance and security requirements for highly sensitive data, many companies still use on-premises solutions. The world of finance and insurance is subject to national and industry regulations, and many institutions have clung to traditional backup architecture due to concerns about third-party data storage. Heavily regulated industries that handle sensitive data have typically relied on on-premises IT personnel to back up data and manage storage plans.įor example, some healthcare organizations spend as much as 64% of their IT budgets on local data backup hardware and the technician hours required to back up their data manually. While most organizations understand the importance of having a data backup and recovery plan, many continue to keep data backup servers on site, saved to a hard drive, or on other hardware storage devices. If that data is lost or destroyed, companies can face a host of negative consequences. Every organization relies on the data it collects and generates to track key metrics and make important decisions to propel business growth.Ĭlient information, internal human-resources documents, and intellectual property are all housed on an organization’s hard drives and servers, in the cloud through a hosting provider, or through a combination of both.
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