As the availability and value of data increases, today’s IT systems must be dynamic—built and maintained to take on evolving enterprise needs. Like the IT systems they safeguard, an effective data protection strategy accounts for the complexities of business operation.
In a recent survey of over 250 IT executives, many expressed concerns over their ability to identify cost-aware, efficient data protection solutions that address the unique needs of their organizations.
Below, I share additional insight into The State of Data Protection and Cloud study and invite you to access the study showcase at https://vrt.as/DPandCloud.
A focus on business continuity
In the event of a data breach or failure, data protection measures should guarantee minimal interruption of the business and the ability to seamlessly recover data—yet only 64% of IT professionals expressed confidence in their organization’s continuity plan.
The striking cost of downtime
In addition to guaranteeing business continuity, the demand to reduce downtime is top of mind for many. According to Gartner Inc., the average cost of IT downtime is $5,600 per minute, with the average per-hour cost of downtime ranging between $140,000 and $540,000 in the enterprise.
These costs are striking, particularly as more businesses transition to cloud solutions; over half of survey respondents have one-fourth of their workloads in the cloud—a smart move for many, though one that carries data protection risks.
Balancing business and data storage needs
The high costs of maintaining and expanding existing data storage and protection solutions across environments remains the primary challenge for many business leaders, with basic data protection issues also persisting.
The rise of new data workloads raises questions on how to protect and store the data from these new sources. While solutions are available for each workload type, managing and maintaining separate systems, contracts and policies is not only difficult, but also a financial drain.
Ultimately, a successful data protection strategy is holistic—considering the broad range of factors driving an organization and its people. With Veritas’ comprehensive approach to data protection—including ready agnostic integration with leading cloud platforms and the ability to effectively manage, protect, and visualize traditional, virtual, open source and big data workloads—you can have confidence in your organization being a compelling player in our shared IT future.
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