(Source:E-3 Magazine Global)
While backup is often unpopular among IT staff, it has become increasingly important for a variety of reasons. Legal requirements, such as the European General Data Protection Regulation (GDPR), are now more challenging to meet than ever before. Furthermore, the threat of data loss due to logical errors (human error, viruses, ransomware attacks, etc.) or even physical system failures (due to power outage, natural disasters, etc.) endangers business continuity. If the necessary corporate data is no longer available, almost everything immediately comes to a standstill.
A study by the META Group shows that even a 10-day downtime of key IT systems (including SAP systems) damages a company so significantly that its probability to disappear from the market within 5 years rises to 50 percent. Further studies show that 93 percent of companies that have had to operate without a functioning datacenter and the inherent data for at least 10 days as a result of a total breakdown usually file for insolvency within one year.