Advanced Data Recovery: Hard Drive Recovery and RAID Data Recovery Services

Data Loss Statistics - Costs and Impacts on Business

IT Downtime Costs US businesses more than $26.5 billion per year in lost revenue!

That translates to roughly $150,000 for each business every year. That's just LOST revenue, not the actual costs of data loss which are between 2 and 5% of a companies annual revenues according to a CA Technologies 2010 survey and a 2012 survey commissioned by Cloud-Connected backup and recovery by Evault.

Most enterprises consider their disaster recovery plan average or below average, and 36% of those who have a data recovery plan believe it is inadequate, according to a survey of 1,600 data center managers and directors. (Dave Raffo, Senior News Director 12 Jan. 2009)

Average Hourly Impact on Various Businesses  

Data Loss Facts:

  • U.S. businesses lose over $12 billion per year because of data loss.
  • Hardware or system failure accounts for 78% of all data loss.
  • Human error accounts for 11% of all data loss.
  • Software corruption account for 7% of all data loss.
  • Natural disasters account for only 1% of all data loss.
  • More vital data is being stored in smaller spaces.
  • Instant access to electronic data has become more crucial in day-to-day business.
  • Disaster prevention and recovery plans are often overlooked or outdated.
  • Backup tools and techniques are not 100% reliable.


 

 
Data Loss Survey Results - World Wide Study  

Did you know that:

  • 93% of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster. 50% of businesses that found themselves without data management for this same time period filed for bankruptcy immediately. (Source: National Archives & Records Administration in Washington)

  • File corruption and data loss are becoming much more common, although loss of productivity continues to be the major cost associated with a virus disaster. (Source: 7th Annual ICSA Lab's Virus Prevalence Survey, March 2002)

  • The average company spends between $100,000 and $1,000,000 in total ramifications per year for desktop-oriented disasters (both hard and soft costs.) (Source: 7th Annual ICSA Lab's Virus Prevalence Survey, March 2002)

  • In addition to being more prevalent, computer viruses were more costly, more destructive, and caused more real damage to data and systems than in the past. (Source: 7th Annual ICSA Lab's Virus Prevalence Survey, March 2002)

  • Of those companies participating in the 2001 Cost of Downtime Survey: 46% said each hour of downtime would cost their companies up to $50k, 28% said each hour would cost between $51K and $250K, 18% said each hour would cost between $251K and $1 million, 8% said it would cost their companies more than $1million per hour. (Source: Ontrack - 2001 Cost of Downtime Survey Results, 2001)

  • At what point is the survival of your company at risk? 40% said 72 hours, 21% said 48 hours, 15% said 24 hours, 8% said 8 hours, 9% said 4 hours, 3% said 1 hour, 4% said within the hour. (Source: Ontrack - 2001 Cost of Downtime Survey Results, 2001)