Data storage or backup is a growing need. With the mushrooming of data-centric organizations, there has been a growing need for effective methods to store and save precious data. Traditional mediums are failing on this count as they cannot offer the required support. However, most business owners have now understood the relevance of Business continuity and Disaster Recovery. With changing business needs, technologies are also changing. Thus organisations are adapting newer ways to backup their data.
The most popular amongst all is online backup which has revolutionised the concept of data storage. According to industry experts, the market for business continuity and disaster recovery services in the UK will rise to over £600 million by 2009 and online backup is considered as one of the key contributors.
The fact that all data is fully protected to the point of failure is one of the prime reasons for the increasing popularity of online backup methods to ensure business continuity. In fact, data should be quickly recovered without wasting precious business resources. This is exactly what online backup does for you!
Remember, data loss or any such disaster will have a significant consequence for any business.
The definition of records management according to the UK’s Record Management Society is
“a process by which a company manages all elements of record whether externally or internally generated in any format or media type, from their inception/receipt, all the way to their disposal”
Thanks to cutting-edge technology, companies can develop a system to tackle the problems of data loss. Nowadays invariably all companies transmit data electronically. Therefore a system failure can spell doom.
Many organisations are under legal obligation to maintain the records for a specific period depending on various factors. For example, financial institutions are bound by law to keep the records of mortgage loan files for 10 after years after the loan has been repaid. Medical records are expected to be retained live till the patient is alive. Many Government records are required to be kept for 50 years.
Failure to maintain the records as required under the law can cause heavy damage to the reputation of an institution. Hence Records Management plays a crucial role in ensuring business continuity.
Online data backup can give peace of mind in this instance, knowing that all data can be restored to new hardware in a matter of minutes.