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Friday, March 6, 2009

How Data Loss causes Company Shut Downs

You have patiently built your small “empire” of a business over a long period. Or even may be there is a project you have worked on for a number of months. On this fateful day, something goes wrong some where and you happen to lose all your information, and all I mean everything! Catastrophy! Here are reasons why your company will close in less than 6 months:

Having to recreate data from the very beginning has been found out to cost between $2000 and $8000 per megabyte. That’s a great fortune! If that is the cost of just 1MB, what about just 5MB? It may cost you your business and more! This cost has been calculated by professional data researchers and from their statistics cost are incurred in transport costs for the clients, calling the clients to come and give in their information, overtime pay demanded by the employees and many other expenses.

Greater losses are experienced when clients find out that data has been lost. Rumor tends to go round and it becomes a big deal until it is all over the media. The reputation of the company is soiled, they have fewer clients and eventually they close. If we are to include lawsuits filed by unhappy clients the expenses will go up.

‘Time is money’ is a famous phrase we hear. In this case, it is very true. Having to recreate all the data again is money going to waste. The time that could have been used in business continuity that brings in profits is the time used in re-entering client data. But now you have to recreate all the data from scratch and thus a lot of money is wasted.

OK! So now you are wondering, “What is my way out?”

My answer is quite simple: DATA RECOVERY! Why go through all the trouble of trying to recreate your “empire” and spend a fortune when you can spend a few hundred (or thousand) dollars to have data recovery specialist to recover your data? Why risk business closure when your data can be recovered?

Data recovery is quite cheap compared to recreating the data all over again. To make it even more cheaper, why not try doing data recovery in low cost countries? But the choice is yours. Make it wisely!

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