Data is currently one of the most valuable assets that companies own. Modern technology has made it possible for companies to access and collect almost all the data they want. Data helps businesses to make informed and strategic decisions that give them competitive advantage in the market. However, many businesses still lose their data because of lack of backups. For instance, in US alone, the cost of loss of crucial data is about $12 billion annually (Worth, 2016). Data backups, therefore, should be as frequent as possible.
In many cases, the frequency of data backup schedules depends on the nature of the business and the importance of available data. However, important data should be backed up within a frequency of 24 hours or a minimum of twice a week, especially in the case where a business trusts its backup system. It is also recommended that business should back up their vital data within a span of a few hours in order to enhance their security (Worth, 2016). Nevertheless, other data that may not be crucial for the operation of the business should be backed up at least within a week to prevent their loss and to boosts their safety. In order to maintain regular backups, businesses should use modern software that cost-effective and less time consuming (Hopping, 2017).
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Therefore, businesses should ensure that they back up their data as regular and possible in order to avoid data loss. The digital era is characterized by frequent cyber attacks that may make a business to lose its crucial data. Businesses can only succeed when their data are safe from any risk and vulnerability. At the same time, businesses can utilize modern technologies to enhance the security of their data.
References
Hopping, C. (2017). Data loss increases by 164% over first half of 201. Retrieved from http://www.itpro.co.uk/security/29527/data-loss-increases-by-164-over-first-half-of-2017
Worth, D. (2016, June 2). Data loss incidents increasing even as specter of GDPR looms . Retrieved from https://www.v3.co.uk/v3-uk/news/2460200/data-loss-incidents- increasing-even-as-spectre-of-gdpr-looms
