Today’s blog topic is about the various ways online backup companies save you money. There is an excellent article written by David M. Smith PhD, through Pepperdine University, that addresses some really superb points about the cost of data loss http://gbr.pepperdine.edu/2010/08/the-cost-of-lost-data/. To summarize, Dr. Smith states that although it is difficult to precisely measure the intrinsic value of data, several sources in computer literature suggest that the value of 100 megabytes of data is valued at approximately $1 million, translating to $10,000 for each megabyte of lost data. Using this figure, and assuming the average data loss incident results in 2 megabytes of lost data, one can calculate that such a loss would cost a business $20,000. Factoring in a 17% probability that the incident would result in permanent data loss, one can further predict that each such data loss would cost $3,400.

For arugments sake, let’s cut 50% off of that figure for data loss - so it becomes $1,700. Just to be frugal, let’s cut another 50% off that calculation and you get $850. Now, if you lost 2 megabytes of data (lost it forever) it’s fair to assume that there’s a substantial cost associated with the recreation of that data. Let’s not forget the cost of a two (2) terabyte hard drive hovers around a $100. Check out this link we found today from Best Buy http://www.bestbuy.com/site/Hard-Drives/External-Hard-Drives/abcat0504003.c?id=abcat0504003. It wasn’t but a few months ago that a one (1) TB hard drive cost $100, now you get double the storage capacity for one Benjamin. Here’s a video that we put together that talks about the massive capacity of external hard drives these days http://www.youtube.com/watch?v=M43reV3ZqJw.

Imgine what would happen if one of these drives crashed and you lost all the data on there? Well, you do the math, but it would cost either way; if you apply Dr. Smith’s valuations on data loss or if you cut his figures in half like we did above.

Therefore, the three (3) major ways online backup companies save you money are:

1. Provide safe data centers where your data is not subjected to everyday data loss scenarios (drive corruption or human error)

2. You don’t need to invest in hardware to do your backups. We managed all of the technology on our end. Now you turn a capital expense into an operating expense.

3. You don’t need to hire technical support staff to help you out because our Backup Specialists are assigned to your account so you always have someone to call for support – and all of our Customer Care team is located in the U.S.

Hopefully, our line of reasoning makes sense to you. We’ve seen the effects of data loss on a small business and – it’s ugly. Talk is cheap, but it you could witness the stress and panic that occurs when a businesses realizes that they’ve lost their data - does that figure of Dr. Smith’s seem really low!

If you’d like to learn more about online backup along with the security and cost savings associated with it, please feel free to give us a call at 1 877 310-2884 and we’d be happy to continue this conversation with you in person.

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Backing up and shielding data should be something that each business or individual attempts to do. Data is vital, especially for enterprises or individuals who make money in an internet home business opportunity. If you haven’t looked into backing up your files or haven’t backed them up before, you should truly look into it before it is too late.

Among the various ways to back up your files are online info backups. Online backups are very good for companies, as they’ll protect your data. You can think of this technique as being a server and a host, as the company stores your information over the Net. You can log in at anytime, and access your information. If your drive crashes, you can simply access the data you want while not having to wait until your data is recovered by a specialist.

Although online info backups are very good, they do have some concerns with security. Though the server is indeed encrypted, it isn’t absolutely safe. Hackers can get into the system if they’re ok, even though it is extremely rare. Online back up firms make their living shielding data, which is why they’re so very popular. They know what they are doing, and they can keep your information safe.

The neatest thing about online information backups is the fact that the data isn’t stored at your office. It does not need the amount of space that CD or DVD media back up uses, nor have you got to protect it from workers who are not authorized to access it. The company that you select does all the work for you, and they protect the info from meddling eyes. You upload the info to their servers, then you and whomever you give the login data to are the sole ones who can access it.

Before you make a final call on whom to use for your online info backup services, you should choose one that is completely secure, has great lockout policies, and human security around their facility too. The better firms will be offering state of the art security, with no fear of anything coming in touch with your information. Even though they can tend be costly, the last thing you want is to pay money for a service that doesn’t entirely protect your info.

If you do your research and consider what each company has to offer you, you can plan accordingly . You should usually look into the previous record and past history of the company also to discover just how well they protect information. Your data and information is your life, so you”ll obviously wish to choose and online back up company who takes a lot of pride in their performance – and will protect your information no matter what.