Why back up more files?

According to Carbonite.com 43% of people lose their data. There are a lot of different reasons to lose data maybe by dropping your laptop, your laptop was stolen, viruses, accidentally erasing hard drives, power surge in the house, and there are many other reasons. The benefits of backing up your data to a third party sources are, you have your data somewhere else, you save your company from bankruptcy, and if an someone hacks in or steals your computer no one else will see your personal information.

Having your data stored on a third party is a really good idea. You could easily have an external hard drive that you use to backup your files every month. Backing up your files to an online service is a great idea also, because they will be able to manage all of your data at any time or place.

Companies used to put data on zip drives, CD's, or another hard drive. The main problem with that, are people losing the disks themselves. Another problem is that if the disk drives fail you will not be able to access those any more. Using a third party is a great idea because you will be able to have all of your data available at all times.

A lot of companies who do not save their data properly and is lost will file for bankruptcy that year. All of that data will have a lot of accounting information, customer information, and other information that would be devastating to a company to lose. If you lose all of your customer's data you will not be able to bill people what they owe. The company will not be able to receive money from other companies that owe you.

You could argue that if you outsource your data to a third party data center, is that someone could hack into the data center. Another reason is that if that data center was destroyed by fire, flood, or other kind of disaster you could lose everything. These online backup services double encrypt your files so that people can't open up your files to steal information. They also partition your data to another physical place in the country so that if one place is destroyed your data will be in another place. Your data is safe with them.

To sum up that the argument that it is expensive to use a backup service is ridicules. If the servers fail, get destroyed, or hacked into. That is an expensive process to find and recover your files. If you have to bill people and you don't have their information, you will lose their trust and they will go to a different company. It is important to consider this service.

Title:
If losing data is getting your backup... why not try online data backup?
Authors:
Molloy,Cian
Source:
Accountancy Ireland, 2008, 40, 4, 52-55, Institute of Chartered Accountants in Ireland