itb-nz logo
Story image

Rapid data growth becoming major business challenge

19 Sep 2019

StorageCraft has announced the findings of an independent global research study on experiences and attitudes of IT decision-makers (ITDM) around data management. 

The research, commissioned by StorageCraft, reveals global concern about the business impact and risk from rampant and unrestricted data growth. 

It also shows that the IT infrastructures of many organisations are struggling, often failing, to deliver business continuity in the event of severe data outages.

The vast majority (86%) of respondents believe that data volume will increase 10x or more in the next five years. 

When asked about the potential impact of this growth, 80% expressed concern about the risk and the business impact it will have on their organisation. 

The research reveals far-reaching business implications with respondents citing the following potential risks from not being able to manage data growth adequately:

  • 64% expect an increase in operational costs
     
  • 47% foresee an inability to recover quickly enough in the event of a data outage
     
  • 39% anticipate they will be more susceptible to security risks
     
  • 29% envisage that strategic projects will fail
     
  • 25% predict that revenue generation will lag

Organisations are already struggling with data growth and their ability to recover in the event of an outage.

  • Only 15% of respondents have an IT infrastructure that enables them to recover from a severe data loss within an hour
     
  • 40% believe it would take up to an entire day to recover
     
  • 25% estimate data recovery would take them days or weeks

Further illustrating the growing data vulnerability and threats to business continuity, there has been a 6x increase in recovery requests from StorageCraft Cloud Services DRaaS customers in 2019 alone as a result of ransomware attacks. 

The Continuous Data Protection feature in StorageCraft’s OneXafe, converged data management and protection platform, creates immutable snapshots of data sets, which ensured StorageCraft customers were able to thwart these attacks. 

In addition, a recent TCO study reveals that StorageCraft’s OneXafe scale-out converged solution has an almost 3:1 TCO advantage over traditional data protection systems, while the solution seamlessly integrates primary and secondary data, data management, security, and recovery.

"Despite IT managers’ heroic efforts to maintain the performance and continuity of their IT infrastructures, we are reaching an inflection point where organisations cannot keep up with the volume and complexity of data management,” says StorageCraft vice president product and marketing Shridar Subramanian.

“The fact that a quarter of companies participating in the research are unable to recover from an outage for days or even weeks highlights how widespread this issue is. Businesses of all sizes and industries strive to flourish in increasingly data-driven economies. To succeed, their IT infrastructures require an economically viable and contemporary scale-out data protection system. StorageCraft’s solutions ensure data is always safe, accessible, and optimised when needed and instantly recoverable in the event of an outage.”

About the research:

A total of 709 qualified individuals completed the research study. All had the budget or technical decision-making responsibility for data management, data protection, and storage solutions at a company with 100 - 2,500 employees. The survey was fielded in English, German, and French in Australia, Canada, France, Germany, and United Kingdom. 

Story image
Axios Systems bolsters University of Canterbury's IT service management
“The Axios Systems team had clearly addressed the requirements set out in our RFP Documentation. Not only did they answer the question of assyst’s capability, but also commented on how we could expand the use of the same functionality in the future phases of our implementation."More
Story image
Global lockdowns put pressure on internet infrastructure
With COVID-19 resulting in many countries going into lockdown, more people are transitioning to working and studying remotely, putting more pressure on internet infrastructure around the world.More
Story image
Slack hires new head of APAC as remote working business booms
Slack has reported that in the past seven weeks, more than 7,000 new companies have signed up to Slack as remote working becomes the new norm. More
Story image
NZ telcos to provide essential repair services using 'no contact' model
Telecommunications companies have closed their doors for usual retail service, but will provide repairs and modem and phone provisions only if there is a genuine connectivity issue.More
Story image
Tencent Cloud launches Voov Meeting videoconferencing tool
Tencent Cloud is deepening its presence in the unified communications business, after launching a cloud-based conferencing tool as the world shifts towards remote offices.More
Story image
BlackBerry offers comms solutions free for 60 days
BlackBerry Desktop, SecuSUITE for Government, AtHoc and Protect are all available for enterprises in need of secure communications.More