Data is being generated at an unprecedented rate by enterprises of all sizes today. As a result, data loss for an organization of any size can be disastrous, for employees, customers and your business overall.
Think of a situation where your office is affected by any natural disasters or randomly catches fire, destroying all of your computers. With the assistance of a cloud backup, not only will your information be protected, but it will also guarantee that your startup will be operational once more with the help of data recovery from the cloud and following a short period spent physically rebuilding. Without a backup, however, you risk having to establish your company from scratch, which might take months or years.
The goal of creating backups is to generate multiple copies of your data, so you have something to fall back on if your primary data becomes corrupted. Malicious ransomware attacks and human error are just a few possible causes of primary data loss.
Data breaches in the United States are expected to cost an average of $9.5 million in 2022, according to ForgeRock's projections. In the past two years, there has been a 400% rise in the amount of data lost. Data breaches involving fewer than one hundred records cost around $18,120; those involving more than one hundred records cost anything from $5 million to more than $15 million in lost revenue.
Having a backup copy of your data enables you to restore it from an initial point in time to help your startup recover quickly from an unexpected crisis.
To guard against data loss or corruption, you should keep an extra copy of your files on a different storage medium. There are various backup options, from a USB stick to an external hard drive or decentralized storage in the cloud.
If you'd like to reduce the data lost between backups, you should make them as often as possible. You'll have to deal with more data loss when trying to recover from a failure if you don't have recent backup copies available. With several copies of the data, you can restore to a time when your systems were not damaged by malicious cyberattacks, hardware failure, or data corruption.
There are three basic backup methods: complete, incremental, and differential. Any of these can be used or a combination of different methods depending on the startup business model and the importance of data stored.