The majority of individuals nowadays use computers both at work and at home. Computers are utilized as a professional tool at work to manage the business and all of its many operations. You will spend a lot of time in front of a computer whether you are in the sales department, product development or manufacturing, or management of portions or the whole business.
Computers are used to store the information we enter into them. Data encompasses everything from the innocuous trash email you forward to a friend to the top-secret analysis or test result of the company's newest invention, which will change the market and drive rivals out of business. Everything is saved as data on a hard disk or another storage medium (or even several different storage media).
We sometimes hear of businesses that have gone bankrupt owing to the loss of all of their data storage. Organizations such as banks, real estate agents, money lenders, and, in general, most companies that deal with money are highly susceptible to data loss. If a bank does not know what clients have in their accounts (they have "lost" money), they will go out of business very immediately.
Because data is so essential, new businesses are continually entering the market, providing services and technologies to recover lost data. Some firms are so adept at data recovery that HDDs that have been lost at sea and have been at the bottom of the ocean for years may be recovered to almost full capacity. The more difficult the job, the more you'll have to spend to get it retrieved.
Because businesses such as banks and other financial institutions deal with billions of dollars, a data loss may quickly result in huge costs for data recovery experts in the hundreds of thousands or even millions of dollars. Despite the high costs, the business will be able to continue operations and escape bankruptcy.
So, how can you prevent having to pay these hefty data recovery bills? You ensure that you backup all of your data on a regular basis, verify its integrity, and keep it in a secure location. If your business does not currently have a backup strategy, and even more importantly, a plan to test the data, you should get your act together as soon as possible.
Don't be one of those people who cries when bad luck hits. Make backups to be on the safe side. When you're at work and when you're at home.