With the proliferation of instant collaboration tools like Google Workspace and Microsoft 365, data for your business is constantly being created.
Just look at the sheer number of users on each platform:
- Between its productivity software for businesses, schools, and governments Google has over 6 million paying businesses, using its technology.
- Microsoft 365 has more than 258 million users, with Teams touting 75 million active users every day.
The number of applications and tools that fall under the umbrella of each productivity suite allows many employees to perform most — if not all — of their work entirely within Google or Microsoft.
The dependence on SaaS-based collaboration tools means it’s more important than ever for IT departments to protect their data. After all, one misstep, one disaster, one disgruntled employee, or one ransomware attack could absolutely devastate a business.
Your Backup Solution Is Only as Valuable as Its Recovery Options
When weighing options between which backup solution is best to protect your enterprise data, Datto’s Chief Marketing Officer, Matthew Richards, has a bit of advice, “A backup solution is only as valuable as the speed and the granularity of its recovery.”
Speed of Backup Matters
Backupify recently researched the omnipresence of data loss for enterprise. The biggest cause of loss? Human error. Here is what data loss can cost a company:
- Data suggests that by 2022, 70% of businesses will suffer an unrecoverable data loss in SaaS applications
- In the past three years, 96% of organizations have experienced an outage
- But, only 26% of organizations use a third-party backup and recovery tool to protect their data
Without proper backup, it takes an average of 18.5 hours to recover data. Furthermore, one hour of downtime can cost enterprises $700,000. If we multiply $700,000 by 18.5 hours — $12,950,000 — you can see why every second counts when it comes to data recovery.