It is now an irreplaceable part of any Small and Medium Enterprise (SME). Digitalising workflows can help companies save a lot of money, streamline their workflow and gather valuable data.

However, data loss incidents have become an unwelcome side effect of the digital progress and can likely lead to unplanned downtime and potential monetary losses.

Data disruption costs money

According to an industry survey, Singapore businesses lose US$1 billion per year to unplanned downtime, which includes data lass and costs associated with retrieval. On top of lost time other consequences of disruptions are loss of revenue (36%) and delays to product development (34%).

One company that experienced data loss is content marketing agency Click2View.

“Several years ago our main server crashed and while it was recoverable the cost of doing so was significant”, says Simon Kearney, CEO at Click2View.

How do you keep your data safe?

Luckily just as data loss risks are evolving, so are the technologies to prevent or deal with them.

SMEs can respond to the risk of losing valuable data with a robust but simple data loss prevention strategy. There is no longer a need for tape or disc based data backup. Instead data can be easily backed up and delivered to secure servers with the help of the internet.

Singtel’s Business Backup Suite for example is an easy-to-use backup and disaster recovery solution, helping businesses protect their data on their physical workstation and servers. The system is managed by a single, easy-to-use console.

Simon suggests: “For business data all this is in the cloud as that is the safest way to keep the data and the easiest way to access it, wherever you are”.