Cost of Data Loss to a Business
It is easy to treat backups as an overhead until you put a figure on what losing your data would actually cost. For most businesses the numbers are sobering — and they make the case for proper protection on their own.
This article breaks down where the costs of data loss come from and why prevention is so much cheaper than recovery.
Where the Costs Add Up
Data loss is rarely a single bill; it is many costs arriving at once.
- Lost revenue while systems are down.
- Staff time spent recreating or recovering data.
- Lost customers and damaged reputation.
- Potential fines if personal data is involved.
Prevention Is Cheaper
A robust backup and recovery setup typically costs a small fraction of a single serious incident. Viewed that way, it is one of the best-value investments a business can make.
Frequently Asked Questions
How do we estimate our own risk?
We help you work out your downtime cost per hour and the value of your data, which makes the right level of spend obvious.
If you need a hand with any of this, your Progressive Robot delivery team is ready to help. Raise a ticket from the Support area of your client portal or speak to your account manager and we will guide you through the next steps.