A Look At Why Data Protection Is Vital

     Any organization in today’s world is heavily dependent on the efficiency as well as security of its data management. A loss of data might lead to devastating consequences. Some of these consequences are difficult to comprehend. A major data loss can disrupt the workflow of a company and will significantly reduce its productivity and profits. There are other factors that make data protection more important. For instance, a loss of data might even lead to liability and legal issues. Therefore, a company must pay more attention to data protection. The term data protection refers to finding the means to secure your data against unauthorized accessing as well as against corruption. There are two types of security solutions available for the user: software based encryption, which only prevents the data from being accessed by a third party and hardware based mechanisms, which offer full security. Let us look at several negative effects of data loss in detail, all of which ought to convince the most reluctant executive of the need for affordable data backup software.

1) Reduction of Productivity

Modern organizations operate based on information. A significant percentage of the working hours of almost all employees involve retrieving, forwarding and even acting on information. Any loss of customer data such as lost orders, specifications, invoices, etc., can paralyze a company’s fulfillment department. Losses of code or collaborative communications might lead to thousands of man-hour wastage if it is a development company. Missing data can severely affect an organizations bottom line.

2) Impact on Customer Loyalty

Compromised or missing data in a client database will affect several areas in an organization. Salespersons heavily rely on a customer interaction that is driven by notes and databases. Therefore, loss of sales is inevitable. Further, missing information can significantly affect customer goodwill. Lost personal data or trouble tickets will create discomfort and even anger. Such issues will make it very hard to rebuild trust. If an organization regularly depends on an automated communication with its clients for both relationship development and ongoing sales, it will be advisable to give special attention to data protection.

3) Negative Effects on Intellectual Assets

Although often overlooked, information is, of course, a corporate asset. Production methods, sales techniques and business processes are considered to be protected intellectual property according to present laws. Therefore, the value of data protection is increasing in the modern world. Further, research and development funds finally produce findings that are usually expressed as data in various forms. The money already spent on the activity will be completely wasted if the information is lost.

4) The Impact on Intangible Assets

Indirect effects of loss of data might include low investor confidence, blemished market reputation, and long-term lack of decision-making capability. Legal issues resulting from lost data might have staggering effects on organizations especially in the insurance and banking sectors.

It may be not possible to estimate the total financial losses possible from loss of information. Data access is extremely necessary to almost every job in this information age. Loss of information can lead to frustrating to severe consequences. The risk can be managed only through the implementation of contingency data protection strategies. Every organization must remember that data recovery waste more effort, time and money than proactive information protection does. Affordable data backup software is available and ought to be used.

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Data Protection | Digital Imaging

Posted on 2013-02-21, By: *

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