Poor Data Management Can Cost Organizations $20 Million Each Year
Over the past decade, the amount of data generated has exploded; data growth and sprawl is so rampant that by 2025 we will generate more than 175 Zettabytes of data each year, up almost two thirds from 20181.
Organizations need to manage and protect this data no matter where it resides, but according to the latest industry survey results released from Veeam Software, 73% of organizations admit to not being able to meet users’ demands for uninterrupted access to data and services, costing the typical company $20 million a year.
This highlights the devastating impact downtime can have on lost revenue, productivity, and customer confidence. However, this year’s study shows that organizations are acting to combat this, with nearly three-quarters (72%) looking to embrace Cloud Data Management, often by exploiting hybrid cloud capabilities, to ensure success and drive more value from their data.
The 2019 Veeam Cloud Data Management Report surveyed more than 1,500 senior business and IT leaders from 13 countries and found that respondents are aware of the importance of data management to their business’ success, pointing to greater productivity today, and the potential to drive business transformation in the future.
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