Browsing articles tagged with " effects of data loss on businesses"

Backup Data Services and Statistics

Nov 12, 2012   //   by NPV Webmaster   //  Blog  // 

No one wants to lose data.  The consequences of data loss are dire; below is a sampling of just a few statistics related to the impact of data loss on business.  Did you know?

  • 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. (National Archives & Records Administration in Washington)
  • 94% of companies suffering from a catastrophic data loss do not survive - 43% never reopen and 51% close within two years. (University of Texas)
  • 30% of all businesses that have a major fire go out of business within a year and 70% fail within five years. (Home Office Computing Magazine)
  • 77% of those companies who do test their tape backups found back-up failures. (Boston Computing Network, Data Loss Statistics)
  • 7 out of 10 small firms that experience a major data loss go out of business within a year. (DTI/Price Waterhouse Coopers)
  • 96% of all business workstations are not being backed up. (Contingency Planning and Strategic Research Corporation)
  • 50% of all tape backups fail to restore. (Gartner)
  • 25% of all PC users suffer from data loss each year (Gartner)

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