Data Protection Trends
58% of Data Backups are Failing, According to Research
Data protection challenges are undermining organizations’ abilities to execute Digital Transformation (DX) initiatives globally, according to the Veeam Data Protection Report 2021, which has found that 58% of backups fail, leaving data unprotected. The report also found that against the backdrop of COVID-19 and ensuing economic uncertainty, which 40% of CXOs cite as the biggest threat to their organization’s DX in the next 12 months, inadequate data protection and the challenges to business continuity posed by the pandemic are hindering organizations’ initiatives to transform. “Over the past 12 months, CXOs across the globe have faced a unique set of challenges around how to ensure data remains protected in a highly diverse, operational landscape,” says Danny Allan, CTO at Veeam. “In respo...
Data Protection in an Evolving Threat Landscape
Sourced from CSO. Information Technology (IT) has become simpler and more complex. This is best described with the cloud making it easier to consume while adding challenges of massive data growth, increased siloes and growing numbers of workloads. In addition, ransomware and malware attacks are a very valid concern. Data protection needs to be modernised to meet changing needs, simplified to mitigate complexity, and flexible to adapt to a changing world. Above all, data needs to be consolidated to provide an all-encompassing view it as a strategic business asset, moving beyond backups to data management. In a data-driven world the impact of a disaster is magnified With the emergence and growth of cloud technologies, data outages have become far less frequent. However, the impact of an outa...
Investment in Digital Transformation is Expected to Reach $7.4 trillion by 2023, says Report
As organizations look to transform their business operations and revolutionize customer service, Digital Transformation (DX) is at the top of most CXOs’ agendas; in fact, DX spending is expected to approach $7.4 trillion between 2020 and 2023, a CAGR of 17.5%. However, according to the latest industry data released today from Veeam Software, almost half of global organizations are being hindered in their DX journeys due to unreliable, legacy technologies with 44% citing lack of IT skills or expertise as another barrier to success. Moreover, almost every company admitted to experiencing downtime, with 1 out of every 10 servers having unexpected outages each year — problems that last for hours and cost hundreds of thousands of dollars – and this points to an urgent need to moderniz...
