Data Is The New Oil


Data Is The New Oil

                                          oildrilling

IT continues to play a vital role in businesses today and it has become the backbone of businesses in the UK, and if IT is the backbone of businesses then data is the oil that they run on, thus making data the most important asset to businesses and making data the new oil as it is the fuel that businesses today are running on. Data also flows and grows and should be treated as something that does. Think of emails, you receive and send your inbox and sent box continue to grow (these are the oil reserves) the emails you send to people both inside and outside of your business are the streams of data (oil) flowing. This is the same for everything else that produces data were it all aggregates is the reserves and were it flows in and out are the streams which lead it to different places.

To avoid spoilage, leaks and theft this data must be kept secure, similar to oil large reserves of data are valuable and other people may attempt to steal it, it can leak and it can decay. All of these are issues which businesses should address. Think of it this way, if your business lost half of its customer purchase history data and was unable to receive it what impact would this have? Data is great, it is the most important asset a business has and it has allowed many organisations to do great things, but all of these great stories ignore data’s negative side and the real problems it has caused for businesses across the world. The victim of identity theft is just as trapped and unable to fly as the bird caught in the oil slick and for businesses data security issues can have a greenhouse effect i.e. hot glare comes in from public scrutiny, bad press etc. very easily but does not go away as easily and as quickly as it came in.

As the data sets get bigger so too do the threats the data becomes similar to an oil tanker navigating through cyber criminals and human error.

How to proceed? Keep your data protected whilst it is onsite and have a secure backup solution in place, we talked about cloud backups and it benefits in a previous post (for more information on that click here). Data can be recovered, if you have taken regular backups this can be done with minimum disruption to the business, how long it takes depends on the quality of the backups, the size of the backups and your internet speed (internet speed is normally the main determining factor). This is fine but we see it all too often that many businesses do not backup their data (some estimates put this number at nearly 36%), or it is backed up in such a way that restoring lost data in a time friendly manner is near impossible.

Our hosted backup solution enables you to back up your data securely to an external site where it is replicated to a secondary site to eliminate the single point of failure, the data is kept encrypted the entire time and after the full initial backup of your system is taken only the changes will be backed up, this keeps both backup sizes and restoration times to a minimum.