4 Preventable Risks to Your Data That Could Devastate Your Business

Imagine what would happen if all the data your business has amassed over the years – think accounting & financial information, customer data, inventory and shipping data, information related to your research and development and much more – would just snap out of the grid and disappear? What would happen if you had to lose data in a system crash or a server crash? What, if you ever thought about it, would be the extent of damage for your business?

Here’s some perspective: over 170 million records of U.S residents have been exposed due to various levels of security breaches even since January 2005, according to the Privacy Rights Clearing House [1]– a not-for-profit consumer information and advocacy organization.

Right Questions To Ask For Better IT Investments for Small Business

IT spending is all set to be ramped up in the United States to an extent of 19% accompanied by 11% growth in software spending and another 7% hike in communications equipment spending according to a recent Forrester Research press release [1].The same report states that the global IT spending will rise up to 8.1 %.

However, the CFOs, CIOs and CEOs of many companies all over the world want the ROI for their technology investments quicker than yesterday while they also spend thousands of dollars on technology research alone since experts feel that dependable research firms almost act like insurance against wasting resources, according to an article titled “IT Research: Is it Time to Analyze The Analysts?” [2]. Gartner has a full section on its website called “IT Budget Optimization ”[3] –-all set up for justifying costs on technological spend.