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What Is The Cost Of A Data Emergency?

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When you are dealing with an unexpected data loss of within a company the effect and severity of the data loss will of course depend on a number of factors, these being which system has failed, what data has been lost, how many employees are accessing the data on a hourly basis.

If a main raid server has gone down and this is used to house the company's customer relationship management software then quite literally business can stop , especially if the CRM system is principally used for sales or the company employs a large sales force.

The effect will of course impact larger companies more than smaller organisations but the effect of data loss can still be quite devasting none the less.

If the business has had the forethought to put a disaster recovery plan in place then this can be quickly be implemented to get your business into action but if you do not have one, or have completed you business continuity plan but have simply not implemented yet then the effect of the data loss can be quite far reaching.

The net effect of a data loss emergency can simply cost thousands and for large corporations tens and sometimes hundreds of thousands. The actual cost will course depend on the type of business involved and costs can be both tangible or intangible for example: the cost of lost sales can be easily measured by comparing a previous days trading.

This can be a useful yard stick to justify the return of investment in a business continuity plan so for example if a business was clearing only 2k in sales per hour then a days downtime could result in a gross loss of 16k in sales alone.

Obviously this would scale up or down depending on the business affected. Other costs that can be factored in could also include the actual cost of recovery, legaslative fines due to failure to hold critical business data and of course future sales if essential client records have been lost.

As well as the tangible costs intangible costs also need to be considered which could include the loss of potential clients or business credibility, the management overhead needed to get the business back on line again and the cost of manual data entry from paper records (if they are held) to populate the database once it has been restored or the server has been re-built.

Another critical factor that should never be overlooked in the event of a data emergency is the restoration of the data. In many cases data can be irrecovably lost due to bungled attempts at recovery by inexperienced IT technicians.

Also if you are employing the services of a raid data recovery company you need to check their potential methodology and ensure they will not work on the actual donor disks as it is crucial to keep the main data source intact at all times.

Specialist distaster recovery and raid recovery experts will use state of the art equipment is to recover lost data from raid servers, laptops and other storage media or network attached storage devices, and to make sure you data is safe just in case a data loss strikes again they should also supply remote server backup solutions for small and corporate businesses to ensure business continuity.

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