Small and medium-sized businesses (SMBs) have fewer resources than larger companies, making it that more important to have solutions in place to protect IT infrastructure from disruptions. SMBs that experience prolonged downtime may never recover. As a result, the use of cloud computing for data backup purposes is likely to grow among these organizations in the near future. The cloud allows firms to migrate information and applications to hosted environments, keeping these assets accessible during major disasters.
A recent survey of more than 1,000 SMB IT professionals by Spiceworks on behalf of an online backup vendor found that many companies are struggling with data protection. Nearly 50 percent of respondents said their firms have experienced data loss, resulting in recovery fees averaging $9,000 per incident. Fifty-four percent of participants cited hardware failure as the direct cause of these incidents.
The survey found that SMBs spend an average of $5,700 annually managing data backup and recovery, with 30 percent reporting they are not satisfied with their current solutions. Overall, only 30 percent of respondents said they are confident they can recover all of their data following a disruption.
Data is the ‘lifeblood’ of all companies
Deni Connor, founding analyst at consultancy firm Storage Strategies NOW, indicated that data is the “lifeblood” of every firm. As a result, data protection becomes that more important.
“The opportunity to provide small and mid-sized businesses with better and more cost-effective ways to protect and recover data is huge,” Connor said. “While these companies may have smaller IT staffs, they collectively account for a significant portion of the total backup and recovery market.”
Cloud backup can be a cost-efficient and effective option for SMBs. However, it appears that many firms are using other options. Spiceworks found that 60 percent of respondents use direct-attached storage for their backup, while 30 percent do so with the cloud. More SMBs appear likely to implement hosted environments in the near future. Overall, 14 percent of participants said their firms plan to invest in cloud backup within the next year.
Cloud computing may not be as popular as other backup methods, but the technology is maybe the most effective at keeping mission-critical data safe. Where other solutions can be damaged or destroyed during on-site disasters, the cloud is safe because it is located off-site and out of harm’s way.