What it will cost you if you lose your data

Lose your data and your company will close in 6 months: The data and information that you have either personally or for your company are valuable and may need to be used for processing at some later point. Companies cannot fulfill client orders if they don’t have their information. Thus, customers are forced to go elsewhere and this translates to a huge loss. Clients may then give a negative testimony of the company and that leads to business closure. This usually leads to rumors and if you have ever been a victim of rumors, you know how devastating that can be. Once data is lost, it is difficult to build customer trust and this means less clients which eventually leads to closure. After losing data, customers have to be informed about business closure for some time and this requires many man-hours of effort. Lawsuits against the company may be filed translating to more expenditure that has to be incurred and eventually this leads to business closure.

Creating data from scratch is estimated to cost $6000 per MB: Having to recreate the data all over again is very tedious and costs a lot. Time is money. Wastage of time is wastage of money. Having to call clients to give their information will cost them e.g. cost of transport, cost of communication etc. Time will be spent in inputting the data while if the data was well stored or could be recovered, more time would be put into more productive things. Having to recreate the data requires workers having to work overtime and thus demanding to be paid overtime for their work. Informing clients of business closure is also very costly. They begin losing their trust in your organization.

Therefore, what do you do after you have lost your data?

One thing is never panic. Your data can be recovered. Data recovery experts are professionally trained people in data recovery. They have the necessary tools, technology and software for data recovery. So incase you lose your data, get in touch with a data recovery expert.

For more information on data recovery services follow the link.

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