70 pc Indian Firms Fail To Recover Data
According to a new study, 70% of India organizations are still not fully confident in their ability to recover after a disruption. It is not surprising then that data loss and downtime cost India enterprises $54 billion over the last 12 months. These are the findings of EMC Global Data Protection Index, conducted by Vanson Bourne, surveyed 3,300 IT decision makers from mid-size to enterprise-class businesses across 24 countries, including India.
Global data loss is up by 400 percent since 2012, the study reveals, adding that the only comforting news is that the number of data loss incidents is decreasing overall. However, the volume of data lost during an incident is growing exponentially.
In India, nearly one third of enterprises surveyed experienced data loss or downtime in the last 12 months. “The average business experienced more than 2.5 working days (23 hours) of unexpected downtime in the last 12 months,” the survey states adding that over 50 percent stated loss of employee productivity and loss of revenue.
New tech create data protection challenges
Business trends, such as big data, mobile and hybrid cloud create new challenges for data protection in India. Nearly, 43 percent of businesses lack a disaster recovery plan for any of these environments and only 9 have a plan for all three technologies. In fact, 64 percent rated big data, mobile and hybrid cloud as ‘difficult’ to protect. The study says with 39 percent of all primary data located in some form of cloud storage, this could result in substantial loss.
Surajit Sen, Country Manager - Data Protection & Availability Division, EMC India states that the findings from this global study show that many enterprises in India are still ill-prepared to face the protection challenges that come with emerging data storage technologies.
“With data protection technologies evolving in parallel with the challenges that are emerging, businesses in India will find it easier to protect themselves by staying abreast of these developments and thinking strategically about data protection,” he adds.
CIO/CISOs should arise, awake
Adopting advanced data protection technologies dramatically decreases the likelihood of disruption, says the study. And, many companies turn to multiple IT vendors to solve their data protection challenges. However, a siloed approach to deploying these can increase risks, it says
Across APJ, the findings showed that enterprises that had not deployed a continuous availability strategy were almost twice as likely to suffer data loss as those that have had a strategy. In India, those using three or more vendors to supply data protection solutions lost 7.9 times as much data as those who unified their data protection strategy around a single vendor.
In India, those with three vendors were also likely to spend an average of US$3 million more on their data protection infrastructure compared to those with just one.
EMC Data Protection Index ranks 81% of businesses in India in the bottom two categories for data protection maturity. Globally too the scenario is not bright with only 14 percent companies remaining ahead of the curve. Of all the countries surveyed, China has the greatest number of companies ahead of the curve at 30 percent and the UAE the least at zero percent.
“This research highlights the enormous monetary impact of unplanned downtime and data loss to businesses everywhere,” says Guy Churchward, President, EMC Core Technologies.
“With 62% of IT decision-makers interviewed feeling challenged to protect hybrid cloud, big data and mobile, it’s understandable that almost all of them lack the confidence that data protection will be able to meet future business challenges,” he says adding that IT leaders should reevaluate whether their current data protection solutions are in alignment with today’s business requirements as well as their long term goals.
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