Despite how far computing technology has come, data loss is still a harsh reality in today’s world. One out of two businesses are victims of a data breach will inevitably impact their bottom line and/or their brand reputation. Of those affected, one out of four businesses experiences major revenue loss following the said data breach. Even if we put aside data breaches, business data is still susceptible to other forms of malware, theft, and physical disasters such as fire, flood, etc.
As a general rule, it is advised that businesses have 3 backups of your data, in case one disaster takes out all the data at once- 2 copies each stored on cloud storage as well as physical hard drive, and 1 copy offsite, meant to protect against physical disasters.
By now, you will probably agree that data backup and recovery are crucial parts of your business. Common wisdom tells us that computers will crash, humans make mistakes, and that disaster strikes when we least expect them. Businesses must be ready to handle computer crashes by having its data backed up, either by utilizing cloud storage or a more traditional method such as physical hard drives back up. If no backup solutions are being used, businesses face a daunting situation when the unthinkable happens.
Cloud storage offers the benefit of massive amounts of storage for not a lot, especially considering the freedom to access your data from anywhere. Using a reliable, virtual location outside of your business to store your data is the safest and most convenient option. Even if your cloud storage provider crashes, they will have the backed up data back up in other locations.
You may also opt to go with the more traditional route of backing up your data on physical hard drives. If going this route, be sure to make two separate backups and keep one offsite in order to protect against physical disasters such as floods and fires. Keep an eye open for hard drive storage sales at big box stores, and stick to the high capacity hard drives as these provide a better value. Your business needs may require you to run automated daily backups, and these hard drives often come with software to enable you to do just that.
You will have to decide which solution works better for your needs. Keep in mind that cloud storage will probably require monthly recurring payments, although you may pay nothing up front, whereas physical hard drives have a one-time fee and you’re all set. You can’t go wrong either way, as any backup is better than none at all. Cloud storage and hard drive storage are both tried and tested strategies to hedge against data loss resulting from ransomware, physical disasters, etc. Utilizing a backup solution will pay for itself in the long run, and allow you to rest easy.