Today, data means everything for businesses. The loss of data can negatively impact a company’s production, reputation, and revenue. Below are 8 reasons why it is essential to back up your business data.
- Prevent data loss
The single and most important reason for backing-up data is to prevent it from getting lost. Errors, system failures, and even accidental deletion are not uncommon. Having a backup ensures you never lose any important business information.
- Competitive advantage
Should a disaster occur, your business will need to get systems online and operations running again as quickly as possible. Many businesses fail to back-up their data allowing better-prepared competitors to take advantage of their misfortune and essentially win new business that may have been heading their way.
- Effective disaster recovery
An effective disaster recovery plan will provide your business with a set of policies, tools and procedures to follow to protect your organisation and ensure business continuity. Data backup is an important component of your disaster recovery enabling your business to get back to operations and avoid disruption.
By ensuring backups of information, you have a point of reference to draw comparisons and produce company reports.
Data backups form part of a business’s history enabling them to develop archives over time. Depending on the type of business, you may be required to keep records for many years. This is usually the case in the finance, legal, government and healthcare sectors.
- Quick recovery
People make mistakes, although not deliberate, fairly often. Emails containing viruses are opened or malicious links are clicked. There are many ways to infect a network, but with up-to-date backups, your business is safe.
- Brand reputation
Data loss leads to a loss of customer trust. Being known as a company that has lost data, especially customer information, won’t do your business any favours. In fact, having that poor reputation will likely lose you customers – impacting your organisation’s productivity and revenue.
- Peace of Mind
The final reason – peace of mind. You can rest easy knowing your information is still available, should disaster ever hit.
While you can’t predict when data loss will happen, you can make sure your business has the right solutions in place to recover the critical data.