60% of companies that lose their data will shut down within 6 months of the disaster.
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.
Companies that aren't able to to resume operations within ten days (of a disaster hit) are not likely to survive. (Strategic Research Institute)
30% of small businesses admit they have no formal and storage procedures, or do not implement their procedures consistently. (Imation’s Small Business Survey Special Report)
55% of small businesses rated themselves as fair or poor in terms of having a documented disaster recovery plan, or do not have one at all.
Review and evaluation of data backup and storage procedures is not a common practice among small businesses.
31% of PC users have lost all of their files due to events beyond their control.
34% of companies fail to test their tape backups, and of those that do, 77% have found tape backup failures..
30% of all businesses that have a major fire go out of business within a year. 70% fail within five years (Source: Home Computing Magazine)
Hardware or system failure accounts for 78% of all data loss - Human error accounts for 11% of all data loss - Software corruption accounts for 7% of all data loss - Natural disasters account for only 1% of all data loss.
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. (Ontrack - 2001 Cost of Downtime Survey Results, 2001)
A single incident of data loss costs business an average of $10,000. (Price Waterhouse Coopers Survey)