Dats Loss Survey

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• Disaster prevention and recovery plans are often overlooked or outdated.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.  
• 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)