According to the US Bureau of Labor, 93% of companies that suffer a significant loss of business data are out of business within five years. In an effort to save money, management is often advised to implement data recovery processes rather than comprehensive, enterprise-wide data protection plans. This strategy can then backfire when a business faces a disaster and discovers - too late - that their vital records are irreplaceable or have not been properly identified and protected to begin with.
The first step in any business data protection strategy is the identification and ranking of "vital records" according to the four basic criteria below. The results then drive effective strategies for protecting and subsequently recovering these records when disaster strikes:
- Value to the organization
- Legal, business and regulatory inclusions
- Frequency of use
- Workflow dependencies
We invite you to watch the video above to learn more about best practices for protecting vital records.