Data Loss, Downtime Cost Businesses $1.7 Trillion By Nathan Eddy

Business trends, such as big data, mobile and hybrid cloud, are creating challenges for data protection, according to the EMC survey.

Data loss and downtime cost enterprises $1.7 trillion in the last 12 months, according to the findings of a global data protection study sponsored by EMC and conducted by Vanson Bourne.

The study, which surveyed 3,300 IT decision-makers from midsize to enterprise-class businesses across 24 countries, found data loss is up by 400 percent since 2012 while 71 percent of organizations are still not fully confident in their ability to recover after a disruption.

Survey participants were award points based on their responses, ranking their data protection maturity in one of four categories, with the vast majority—87 percent—of businesses ranking in the bottom two categories for data protection maturity.

"The aim of the survey was to put a stake in the ground on where businesses are with data protection today and the most surprising thing has to be where that stake landed," Kelly Brown, senior director of global marketing for EMC Core Technologies, told eWEEK. "There are two reasons why. First, to discover that 87 percent of businesses are behind the curve when it comes to data protection maturity is very surprising to me." - 

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