Why backups are shifting to the cloud

A backup and recovery solution is essential for enterprises if they're to safeguard their critical data. Yet whilst they may take care of their servers, according to a new infographic from private cloud company SingleHop they're less concerned about endpoint data.

Only 50 percent of companies have endpoint backups in place and this leads 16 percent of end users to do their own backups using a non-approved solution.

This seems short sighted given that system downtime is a major cost, loss of mission critical data costs in excess of $70,000 per hour on average and even losing non-critical data can cost $42,000 per hour.

Organizations encounter unplanned downtime 13 times a year on average and targeted attacks are a major threat with 50 percent aimed at larger enterprises and 31 percent at those with fewer than 250 employees.

No surprise then that data loss is a major concern for management and that they're increasingly turning to the cloud as a solution. 64 percent already store data in the cloud and 78 percent plan on changing their protection product in the next two years.

There are more interesting statistics on the effects of downtime in the full infographic below.

Photo credit: LilKar/Shutterstock