2011-11-24
By staff reporter
The EMC European Disaster Recovery Survey suggests that 74% of organisations across Europe might not recover from a disaster and 54% of European companies have lost data and/or suffered systems downtime in the last year.
Top three measureable business impacts of downtime:
•1) Loss of employee productivity: 43%; 2) Loss of revenue: 28%; 3) delay in product development: 27%
•26% of companies in Europe have lost customer confidence and loyalty following data loss. 16% have lost repeat business
•Systems failure resulted on average in two lost working days for the businesses in the survey. This is the equivalent of 28,391 man-hours for a company employing approximately 2,000 employees - 6% of their man hours for a year
•On average businesses irrevocably lost 400GB data during the last 12 months, the equivalent of losing 10,000 Word documents
•The UK fared well against its European neighbours, with UK businesses spending €2.4m more of their IT budget than the average European figure on IT backup and recovery
•However, 30% of UK organisations have experienced a data loss within the last twelve months, compared to an EMEA average of 25%
The research, of 1,750 IT decision-makers across UK, Germany, Italy, Spain, France, Russia, and Benelux, demonstrates clear economic implications of this downtime, with 28% of business citing loss of revenue.
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