Best Data Recovery: How Costly is it compared to Recreating Data?
Would you opt for choosing the best data recovery services or recreate the data from scratch? Here are some monetary considerations you can put in mind before making that decision:
Creating data from scratch is very costly. It has been estimated to cost between $2000 and $8000 per megabyte. If we are dealing with a corporate organization like a bank or a telecommunication company, how much would it cost to recreate just 10 megabytes? It may cost you your business! It would take years to recreate all that data. Major expenses will be experienced in calling the clients to come and give in their data, costs of transport incurred by the client and also employees will demand to be paid for overtime in recreating the data.
When a client finds out that his/her data is missing, things can become really bad. He/ she may prompt other clients to go and inquire on their information. In no time, the organization is making headlines that it has lost the information of its clients. This is detrimental to the reputation of any company. Once the reputation is spoilt, there will be fewer customers and eventually the company will shut down. All this happens because of losing data. Many clients may file lawsuits against the company. Just imagine say about 1 million clients file a lawsuit of only $1000! That’s really expensive and detrimental to the organization Researchers have found that 60% of companies close within 6 months of losing their data.
Time is money’ this is what you will hear many people say. Recreating the data all over again is wastage of time that could have been put to use in continuing with the business.
But there is good news for all of you who have lost your data because the data could be recovered. Why risk business closure when your data can be recovered? It will only cost you a few hundred (in some cases thousand) dollars! The next time such major ‘catastrophe’ happens to you, make that important call and seek data recovery services. You could save your organization’s reputation. They will also help you to come up with an effective data disaster recovery plan.
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About the Author:The author is a data recovery specialist. Get more information on data recovery services here
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