Small- and medium-sized businesses (SMBs) have been hailed as the future of global commerce. However as a small business entrepreneur there are myriad challenges in every aspect of operations.
A recent study by Carbonite, Inc. points data storage and protection as one of the major challenges. The report found glaring weaknesses when it comes to data backup practices across the small business enterprises.
Jolting Data Loss Statistics
A study by the US Archives and Records Administration reckons 49% of businesses don’t backup their data. More shockingly, Strategic Research Institute, in another study, found that small businesses that cannot recover data within 10 days of a disaster risk closure. Carbonite Business reviews site 95Box confirms that most companies have a tough time recovering from disasters that tend to wipe out critical business data which have not been backed up remotely.
In its own research Home Office Computing Magazine found that 60% of companies that lose data shut down within half a year. These numbers paint a gloomy future ahead for enterprises which do not effectively backup their data in case of disasters, hardware malfunction or any other data storage problem.
Inefficient Backup Practices
Carbonite, Inc a leading provider of online backup solutions reports that small businesses are prone to data loss due to outdated backup procedures. Media such as USB/flash disks, CDs, or external hard drives are among popular backup strategies used by most SMBs owners.
However, these methods are prone to failure with hard disks being susceptible to malware attacks and malfunction. Moreover, flash disks and writable media such as CDs have been discredited due to unreliability, inconvenience and vulnerability.
As a small business owner you need to appreciate that the data you possess and generate every second is an invaluable asset. Consequently, data protection must be an integral part of business operations in every industry.
By opting for these traditional data backup options these business ventures are losing in myriad ways including:
– Poor productivity: Most antiquated data backup options require manual backup. As such SMBs need an in-house team to work permanently on this area. The study by Carbonite, Inc indicates 40% of these businesses lose an hour per week updating this data which impacts negatively on productivity.
– High cost: Every small business leverages on low operational costs and high productivity. If they have to hire an in-house team or experts to assist in backup a lot of money will be spent. At the end of the day the bottom-line is greatly affected and these businesses risk collapsing.
– Inefficiency: By using backup strategies that are unreliable small businesses do not have actual control of their data. Carbonite, Inc found that one in five small businesses don’t know how much data they possess. If they don’t know what they have in possession they are missing out on a lot of potential for growth by capitalizing on this asset.
– Vulnerability: Using obsolete backup methods that are not automated jeopardizes small business operations. This study found that only 24% of such businesses backup their data on day-to-day basis while 24% have not backed their data for the last week.
Numbers on data loss and the consequences should worry every small business entrepreneur. For instance, Richmond House Group found that 20% of SMBs lose critical data due to disasters every 5 years.
This calls for a paradigm shift in data protection by capitalizing on reliable, efficient and affordable solutions like Carbonite Business backup. Not only do small businesses enjoy a flat backup for unlimited computers, they can choose any other incremental package that suits their backup requirements. Carbonite Server plan backs up unlimited servers and other network devices while the Carbonite Pro plan backs up unlimited computers and other network devices.
Is your business critical business data protected with an online backup solution?