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Veeam Research Shows that Enterprises Waste Over $2 Million Each Year on Data Availability Failures | |
Posted: Tue Dec 02, 2014 03:03:20 PM | |
Veeam Data Center Availability Report 2014 proves that enterprises cannot meet the requirements of an Always-On Business, with application failure occurring more than once per month Baar, Switzerland, December 2, 2014: Veeam Software, the innovative provider of solutions that deliver Availability for the Modern Data Center, today announced the results of the Veeam Data Center Availability Report 2014, its fourth annual report about how organizations succeed in guaranteeing access to IT services. In the global survey, 82 percent of CIOs admit that they are unable to meet their business's need for immediate, always-on access to IT services. This availability gap has immediate costs: application failure costs enterprises more than $2 million a year in lost revenue, productivity, opportunities and data irretrievably lost through backups failing to recover. These costs will only increase as the global economy requires enterprises to work with partners, customers and stakeholders across time zones, pressuring data center assets to be always-on no matter the location. With emerging markets predicted to generate 40 percent of global growth within the next 15 years, missing global opportunities due to downtime can cause irrevocable damage. "The availability of IT is more important than ever. Yet businesses globally are being failed by an IT industry that has led them to believe they have to accept downtime, and that the Always-On Business is nothing but a fantasy," said Ratmir Timashev, CEO at Veeam. "This isn't acceptable. Organizations can't afford to lose millions of dollars from IT failures, nor can they continue to gamble with data availability. The good news is things are set to change. Organizations just need to throw away what they've been told for years about availability and demand better. If every organization does this, then in five years application availability will become a redundant topic as consumers and employees across the planet access what they want, when they want it." Key findings of the Veeam Data Center Availability Report 2014 include: Enterprises cannot meet the increasing demands of the Always-On Business
Unplanned downtime is driving increased costs
Protection is not guaranteed
Organizations are placing millions of dollars of data at risk of loss
Businesses are already calling for greater availability. However, IT departments are missing the recovery time objective (RTO) their businesses demand for mission-critical data by more than an hour and are more than 2.5 hours away from the always-on standards set by modern availability solutions. Even more troubling, they are missing the required recovery point objective (RPO); i.e., how often data is backed up, by 1.5 hours, and they are a staggering 4.5 hours away from modern always-on standards. "Make no mistake, we are already in the era of the Always-On Business," added Timashev. "To keep pace, enterprises need entirely new types of solutions that enable 24/7 availability in a way that legacy data protection and backup products could never do. This means high-speed, guaranteed recovery of every file, application or virtual server when needed. It means leveraging backup data and environments to test the deployment of new applications, mitigating the risk of failure. And it means complete visibility, with proactive monitoring and alerting of issues before they affect operations. CIOs clearly recognize this, with 78 percent planning to change their data protection product in the next two years in order to get the availability that they need. As a result, the availability gap will start to become a thing of the past." |