Starting and growing a business to the stage where the business will begin to generate revenue for self-sustenance is not as easy as it sounds.
However, there are key factors that you can implement in your business process to boost your income-generating skills and also help your business to become self-sustaining in the shortest possible time.
While businesses spend a lot of time gathering and measuring different metrics to determine whether or not the business is progressive or regressive, only a few businesses actually backup the data.
Truth be told, the information and data that you gathered throughout your business processes is key to a competitive advantage in your target marketplace.
Whenever a data loss occurs as a result of disaster or threats from cyber security activities, it can lead to revenue loss, bankruptcy, and in some instances your customers may be upset with you.
This will leave your customer with no option than to leave or abandon your brand and start patronizing your competitors.
So many researches point to the fact that more than 90% of companies in the digital age have suffered one form of cyber attack or the other. Those companies without a recovery plan are those that are on the losing end.
For companies that have a database backup system and recovery process in place, they only suffer minimal loss owing to the fact that their customers will be upset at that particular time but when they recover the data that was lost, the chances of them getting back such customers are very high.
In the light of the above, there are so many advantages of putting in place a database backup and recovery process for every business to thrive and gain traction in the present-day digital age.
So, if you have a business and you are yet to set up a database backup system to backup your business and employee data, then you are making one of the greatest mistakes ever. Now is the time for you to take action and backup your business data because of the following reasons:
The number one reason why you should consider backing up your database and also implementing a recovery plan whenever there is a data breach is because of security.
As information technology systems continue to grow, and as more and more people become more self-aware in the present day information technology ecosystem, the issue of security continues to take the front burner.
A business whose data is not secure is very vulnerable to the attacks of cyber criminals and internet hackers.
Imagine you have a thriving business that offers great service and products to a wide range of customers across the world and you do not have a mechanism to backup your data, in the event of a cyber-attack, you will easily lose all your data and revenue.
As a matter of fact, even when you have the resources to bounce back your business it will take a lot of time for you to gather all the data that you have lost.
So, it is imperative for you to keep in place reliable measures to help you backup your database and also recover lost data in the event of a cyber attack or even natural disaster like fire, earthquakes, as well as other natural disasters.
#2. Ease of management
The ease of management is another top reason to consider backing up your database. Imagine the time it will take you to start restoring your lost data.
This can be a time-consuming and stressful process if you do not have a database and recovery process in place.
As a matter of fact, only a few businesses can try to survive a data breach because most of their customer data that they store in their archive will have been lost to the data attack that occurred.
Any business that is serious about customer service and offering extra value to their customer should as a matter of urgency set up a database recovery and backup process in the shortest possible time.
In the case of a fire disaster that consumes your computer hardware and software where you must have stored your business information, if you did not backup that business information to the cloud your business will not only lose money but will lose contact with your highest paying customers.
#3. Maintain compliance standards
Maintaining compliance standards has never been easy for any business regardless of the size and their target niche.
As a matter of fact, preserving or even collecting critical data through regular IT backup processes can be more nimble whenever you are responding to requests from auditors or legal departments.
So, the best way for your business to comply with the approved standard put in place by the government is to backup your database system and also institute recovery process so that whenever there is a data breach you will be able to recover the data that has been lost.
#4. Zero impact on performance
Database backup and recovery process also guarantees zero impacts on your staff performance.
The moment you start backing up your database management system, you have actually taken off a great deal of responsibility from your IT team that are saddled with the responsible of constantly monitoring your data usage and implementation.
This will ensure that the employee performance increases with time and also it will have a direct effect on your sales and revenue generation effort.
#5. Helps management control costs
One good thing about using database backup software is that it will help your business to reduce workforce overhead.
The money you would have spent to engage specialists to help you recover your lost data can be reallocated to other important interests, including investing in other business endeavors to increase your revenue base, or even to support philanthropic causes in your immediate community.
Database backup and recovery plan is a good way to secure your business finance and every aspect of your business. If you are yet to implement a database management system in your business, now is the right time for you to act and act as fast as possible. You can rely on Everconnect to be of help.