All LinkedIn Articles are posted by Victor J. Quinones, Jr., CEO, Chairman, and Co-Founder at Virtual-Q. Original article posted here.
During a normal work day, we arrive at the office, type on our computers, save our projects at the end of the day, and head home for the night. This is a cycle we feel comfortable doing over and over again because we assume our information is always going to be there the next day. However, the reality is that something like hardware failure or a natural disaster could occur at any moment. What would happen to your business if you suddenly lost all of your files?
The Consequences of Not Backing Up Your Data
Simply saving your information isn’t enough to keep it protected from a data loss event. For example, if all of your files were stored locally and your network was hit by a ransomware attack, you’d still lose access to your data. Losing vital information could result in some serious consequences for your business, such as:
Lost Revenue
Product information, research, reports, and more all take time to gather. It would take about an equal amount of time recovering or replacing whatever was lost. As you try to fix the situation, you lose valuable time that could’ve been spent maintaining your revenue stream and finding new business opportunities.
Damaged Brand Reputation
Clients and partners alike prefer to work with companies they can trust. When they discover that your business lost its data, it could irrevocably damage that trust relationship. If your clients and partners don’t think they can trust you with their information, they may choose to go elsewhere.
Regulatory Problems
Some industries, like healthcare, require businesses to meet certain standards in the handling of information. If you lose sensitive information, you could be violating established regulations which could ultimately result in penalties that can range from disciplinary to monetary.
Direct Costs
The financial danger of losing data isn’t limited to fines and lost revenue. Even if you are able to recover everything, you still have to pay for the service to restore your files. In the end, a data loss event can be very expensive.
How Investing in a Backup Solution Can Save You Time and Money
Backing up your data on an offsite server can provide some much needed insurance for your organization. The only problem is, creating your own solution can cost a lot of money. That’s why most businesses rely on data backup services offered by a third-party provider. With their cloud-based storage services, you have a secure and flexible way to backup your information.
Discover the Benefits of the Cloud
Virtual-Q can help you avoid the dangers of data loss with our data center services. We back up all of your information on our secure servers, so you can continue to work worry-free. And since our solution is scalable, we can increase or decrease the amount of digital space you need.
Contact us today to learn more about our data center services.
