98% of Organizations Unable to Tolerate More than One Day Without Access to Critical Data
Majority of Firms Look to Virtualization to Help Minimize Downtime and Increase Availability
New York, NY (June 26, 2012) – BUMI (Backup My Info!), the premium provider of managed online backup and recovery solutions for small to mid-sized businesses, today announced the findings of its annual industry survey, which analyzed current approaches to data backup and recovery. The survey, which polled CEOs, business owners and IT professionals at small- to mid-sized firms, found that 98 percent of respondents felt that more than one day to restore data after an incident was unacceptable even though almost a quarter of respondents did not regularly check the restore process of their data backup operations.
"Backing up your data is only the first step in protecting your organization. What really counts is how quickly and effectively you can recover your information," said BUMI CEO, Jennifer Walzer. "A common misconception is that once backups are put into place, you're all set. Unfortunately, data backup is not a flawless process. Glitches occur and hardware fails. It's important to routinely test backups so that you can catch problems before they become disasters, but most organizations just don't have the time or resources."
Survey Highlights:
- A large number of organizations test their restore process infrequently if at all. Nearly 24 percent never test and 17 percent only test yearly. Of the organizations that test more regularly, 27 percent do so quarterly, 19 percent monthly, 12 percent weekly, and less than one percent test on a daily basis.
- More than one-third (36%) of respondents have no idea how much an hour of downtime costs their organizations. Of the organizations that were able to place a dollar amount on downtime, 31 percent estimated the cost at thousands of dollars per hour. The rest valued it at hundreds of dollars (26%), hundreds of thousands of dollars (6%), and one million dollars or more (less than 1%), respectively.
- Thirty percent of respondents felt that business continuity was the most important consideration in backing up their data. Twenty percent listed disaster recovery as their top priority, while the same number ranked compliance the highest. The remaining participants were mainly concerned with security (16%) and redundancy (13%).
- Virtualization is playing a role in many of the survey participants' disaster recovery methods. Forty-one percent of respondents already use virtualization and 31 percent plan to in the near future. The rest do not currently use virtualization and do not plan to.
"As hardware and software evolve, organizations have become less and less tolerant of downtime, and many are embracing virtualization as a solution," added Ms. Walzer. "What's great about virtualization is that you can create a redundant disaster recovery environment much more cost-effectively by reducing hardware and data center costs. For example, ten physical servers in a production environment can be reduced to two in a disaster recovery site."
The survey was conducted from May to June 2012 and is based on responses from 104 CEOs, business owners and IT professionals across a variety of industries, including financial, accounting, legal, real estate and not-for-profit – some of whom are BUMI clients and/or part of BUMI's IT consultant program. A snapshot of the survey results can also be viewed at www.backupmyinfo.com/resources.
About BUMI
Manhattan-based BUMI (Backup My Info!) is a premium managed service provider specializing in online data backup and recovery. Founded in 2002, the company's data backup and recovery service is utilized by more than 500 businesses while its partner program currently boasts over 40 active partners. BUMI clients include professional service organizations such as banking, financial, insurance, accounting, hedge funds and law firms. BUMI has won numerous awards including 2011 Customer Service Provider of the Year and 10 Best Companies to Work For (New York Enterprise Report), 2010 “16 Hot Companies Running Under the Radar” (eWeek), 2010 Windows IT Pro Editors’ Best and Community Choice Awards (Best Backup Software Product). For more information, visit http://www.backupmyinfo.com, call (866) 444- BUMI (2864), or follow on Twitter at http://twitter.com/backupmyinfo.
