The consequences of data loss are dire. Today’s blog looks at 4 examples of the seriousness that data loss can cause for a small business. And what YOU can do to prevent it in the first place.
Does this sound similar? You are working on a significant document and you finally finished! While you are patting yourself on the back for a job well done, you close out of the document.
The only problem is that whilst exiting, you forgot to save the file. In fact, you hadn’t click “save” at any point while working on a document. A day’s work is completely down the toilet.
That’s what we in the tech industry call “data loss.”
Data loss is a major inconvenience that disrupts the day-to-day operations. User error, network outage, cyber-attacks, you-name-it can all cause data loss.
So, wondering how data loss can impact your business? Below are 4 possible consequences of data loss:
If your organization loses data, the first thing to suffer is workplace productivity. Imagine, when an employee can’t access their everyday files and applications, they can’t do their jobs.
On top of that, it can take hours, or sometimes even days to get your lost data back. And if you cannot retrieve the lost data, that’s even more headache.
News travels fast. When your company loses significant data, it puts your reputation on the line. You will have customers asking questions about what’s happened. Or if their data got leaked. Which leads me to my next point:
Loss of Customer Loyalty
After a data loss event, customer loyalty can drop. Your customers may feel like they can’t trust your business anymore. As a result, they may take their business elsewhere. And who can blame them? Once word spreads in your community, you may struggle to find new clients.
Loss of Revenue
If you lose customers, you will lose revenue. Each year, numerous small businesses will have to close their doors after a major data loss event. That’s because when the financial impact and hidden costs of data loss combine, they create a perfect storm that may be impossible to recover from.
So, now what?
At this point, we hit the nail on the head. Data losses can be a total nightmare for businesses of all shapes and sizes. But here is the kicker, data loss doesn’t have to mean the end of your company.
In fact, with the correct measures in place, the likelihood of surviving data loss increases exponentially. While that may sound daunting, taking steps to protect your business doesn’t have to be expensive. We, at MRW Systems, can show you how it’s done.
Next week, MRW Systems is hosting a webinar that will uncover the business value of backup and recovery.
During this webinar, I will expose the truth behind backup & recovery plans. You will learn why most plans fail during a disaster and the cost associated with failure. At the end of the webinar, you will have concrete steps to take to prevent downtime.
If losing data is a concern for your organization, this event is a MUST. To sign up, please follow this link: https://www.mrwsystems.com/uncover/