Recently our CEO Rob May spoke at the CIO Cloud Summit in NYC about the severity and frequency of data loss in SaaS applications. In his presentation, he discussed how companies using the Public Cloud often believe they’re more protected than they actually are. But their data is in serious risk of being lost - for various reasons that companies don’t always anticipate when moving to the cloud. He highlighted several statistics to demonstrate how services that proactively backup the data in a SaaS application are part of an emerging market that all (not some) who do business in the cloud should consider.
Here are some stats worth noting from Rob’s presentation:
The risk of data loss is serious.
- 60% of businesses that lose data shut down within 6 months
- 1 in 3 companies using SaaS lose data
Companies are concerned about the security of data in their cloud applications.
- 45% had concerns about the safety and security of data maintained in the SaaS system
The reasons behind SaaS data loss vary.
At Backupify, we’ve collected the frequency our customers have restored data in one year.
- 3,426,382 files
- 726 full accounts
- 5,658 individual items
- 1,767 users restoring
Given that SaaS data loss is a concern for companies, especially those migrating to the cloud, it’s important to know that cloud-to-cloud backup solutions are now available.
For more details, check out the entire presentation from the conference, “Moving to the Cloud with Confidence”.