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- 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 $10,000.
(Price Waterhouse Coopers Survey)
© 2008 Global Data Vaulting Inc.
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