Here are Our Top 10 Reasons for Backing Up Your Data:
Regardless of how big your business is, regular data backups are imperative to securing your company’s network. In fact, conducting regular backups is undeniably one of the most important steps you can take to overcome the effects of a network disaster. (reasons for backing up your data)
According to recent reports cyber-crime is big business and cyber-attacks against all kinds of businesses are on the rise, and even more damaging than ever before. Cisco’s 2017 Annual Cyber security Report indicates that the numbers related to ransom ware and other cyber-attacks are quite startling. This puts you at risk of losing your data and you will loose your good reputation.
Hacking attacks cost the average U.S. firm more than $15 million each year, and 60% of small businesses that suffer a data breach go out of business within six months. It’s never been more important to invest in online backup of business data. Here are the Top 10 reasons for backing up your data 🙂
1. Data Loss Prevention
We’ve all heard about or experienced a tragic loss of data. The main reason for data backup is to save important files if a system crash or hard drive failure occurs.
2. Operation Plan B
There should be additional data backups if the original backups result in data corruption or hard drive failure. This option is best done via the cloud or offsite storage. Additional backups are necessary if natural or man-made disasters occur. Storms and warfare have lead to the destruction of servers and computers, caused by fires and floods. Luckily, we are in the age of cloud technology, where backing up your data is now easier and more secure than ever before.
3. Tax Reporting and Audits
Tax authorities are notorious for audits. Laws differ among countries, but it is still important for you to save financial and accounting data for tax reporting purposes. With data backup, you can save face during audits.
4. Client Relationship
Saved information improves client relationship management, which leads to increased marketing and sales. Additionally, when you save client information, it builds trust in you and builds the value of your company.
5. Investor Relations
Per investor relations, data backup reduces the tedious time to compile annual reports to shareholders. Saved information symbolizes a company’s due diligence and organization. Without data backup, shareholders cannot make informed decisions or determine a company’s value.
Backed up information streamlines the development of archives. With digital information, company history is in the making.
7. Competitive Gain
Saved company data is a competitive advantage because many businesses fail to backup data and important information.
8. Improved Productivity
With existing backed up files, companies improve productivity by reducing wasted time. Archived files lead to comparative studies of the past and present to devise a more effective plan.
9. No Wasted Time
Data backup reduces ‘wasted time’ by preventing repetitions. Case and Point; employees will not have to rewrite reports and important documents.
10. Peace of Mind
Regular data backups lead to peace of mind. In the event, a cybercrime, system crashes or disasters occur, there is a backup ready to go to restart a company’s archive. It is never too late to start saving important company data. In the end, data backup is necessary to save the business from losing investors and customers and closing down.