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Your data are growing exponentially
If you find yourself now in a situation where you have to deal with an explosion in the volume of your business data, you are not alone. The accelerating pace of data creation, accumulation, and diffusion is becoming an increasingly common phenomenon among companies throughout the world today. Data are growing exponentially due to widespread use of the Internet, email, and media-rich software. As early as 2002, International Data Corporation (IDC) projected a dizzying annual data growth rate of 80%.
1MB of data is worth US$10,000
Viewed from a strategic perspective, your data represent the core of your business. You have invested a lot of TIME, MONEY and EFFORT in developing your business data. Contracts, sales records, proposals, accounting records, marketing material, business contacts, emails, and even digital photos taken in important events, etc., make up the bulk of your invaluable business assets, which you cannot afford to lose. Studies have shown that:
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1MB of data is worth approximately US$10,0001. |
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Re-building just 20MB of lost data could cost more than US$17,000 and take nearly three weeks to complete2. |
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A leaked record may cost you US$180 to rectify3. |
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Retrieval of data from a crashed hard drive is often extremely costly, and there is NO GUARANTEE of success1! |
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