Organizations Can Lose $20 Million Each Year Due To Poor Data Management

Organizations Can Lose $20 Million Each Year Due To Poor Data Management: Over the past decade, the amount of data generated has exploded; data growth and sprawl is so rampant that by 2025 we will generate more than 175 Zettabytes of data each year, up almost two thirds from 2018[1]. Organizations need to manage and protect this data no matter where it resides, but according to the latest industry survey results released from Veeam® Software, the leader in Backup solutions that enable Cloud Data Management™, 73% of organizations admit to not being able to meet users’ demands for uninterrupted access to data and services, costing the typical company $20 million a year. This highlights the devastating impact downtime can have on lost revenue, productivity, and customer confidence. However, this year’s study shows that organizations are acting to combat this, with nearly three-quarters (72%) looking to embrace Cloud Data Management, often by exploiting hybrid cloud capabilities, to ensure success and drive more value from their data.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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