Data loss, downtime cost Asia-Pacific, Japan businesses US$343b, says survey

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KUALA LUMPUR (Dec 3): A new survey on global data protection has revealed that data loss and downtime cost enterprises across the Asia-Pacific and Japan (APJ) region some US$343 billion in the last 12 months.

Announcing the survey results today, EMC Corporation in a statement said global data loss was up by 400% since 2012 while, surprisingly, 73% of organizations in APJ were still not fully confident in their ability to recover after a disruption. 

The EMC Global Data Protection Index, conducted by Vanson Bourne, surveyed 3,300 IT decision makers from mid-size to enterprise-class businesses across 24 countries, including 1250 respondents from the APJ region.

EMC Corp said the good news was that the number of data loss incidents was decreasing overall. 

“However, the volume of data lost during an incident is growing exponentially,” it said.

EMC Malaysia country manager Cheam Tat Inn said as businesses continued to struggle to protect their current workloads, the findings from the global study showed that many enterprises were still ill-prepared to face the protection challenges that come with emerging data storage technologies.

“With data protection technologies evolving in parallel with the challenges that are emerging, businesses in Malaysia will find it easier to protect themselves by staying abreast of these developments and thinking strategically about data protection, in order to better prepare themselves from unplanned and costly incidents that may result in downtime and data loss,” said Cheam.

According to the survey, companies with three or more vendors lost 3.5 times as much data as those with a single-vendor strategy.

It said 55% of organizations in APJ still lack a disaster recovery plan for emerging workloads4; just 4% have plans for big data, hybrid cloud and mobile

It added China, Hong Kong, The Netherlands, Singapore and the US lead protection maturity; while Switzerland, Turkey and the UAE lag behind.