EMC DPI Report: Indian Businesses Lose Over US$54 Billion from Data Loss and Downtime Per Year

EMC-LogoNew Delhi, India, December 16, 2014: EMC Corporation today announced the findings of a new global data protection study that reveals, data loss and downtime cost India enterprises US$54 billion in the last twelve months. Global data loss is up by 400% since 2012 while, surprisingly, 70% of India organizations are still not fully confident in their ability to recover after a disruption.

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 125 respondents from India.

Impact of Data Loss and Downtime 

The good news is that the number of data loss incidents is decreasing overall.  However, the volume of data lost during an incident is growing exponentially.

In India:

  • 70% of enterprises surveyed experienced data loss or downtime in the last 12 months
  • The average business experienced more than 2.5 working days (23 hours) of unexpected downtime in the last 12 months
  • Other commercial consequences of disruptions were loss of employee productivity (58%), and loss of revenue (50%). 

New Wave of Data Protection Challenges

Business trends, such as big data, mobile and hybrid cloud create new challenges for data protection in India:

  • 43% of businesses lack a disaster recovery plan for any of these environments and just 9% have a plan for all three
  • In fact, 64% rated big data, mobile and hybrid cloud as ‘difficult’ to protect
  • With 39% of all primary data located in some form of cloud storage, this could result in substantial loss 

The Protection Paradox 

Adopting advanced data protection technologies dramatically decreases the likelihood of disruption.  And, many companies turn to multiple IT vendors to solve their data protection challenges.  However, a siloed approach to deploying these can increase risks:

  • Across APJ, the findings showed that enterprises that had not deployed a continuous availability strategy were almost twice as likely to suffer data loss as those that had
  • In India, those using three or more vendors to supply data protection solutions lost 7.9 times as much data as those who unified their data protection strategy around a single vendor
  • In India, those with three vendors were also likely to spend an average of US$3 million more on their data protection infrastructure compared to those with just one. 

The Maturity Matrix 

EMC Data Protection Index survey participants were awarded points based on their responses, ranking their data protection maturity in one of four categories (see methodology for further details).

  • The vast majority – 81% of businesses in India rank in the bottom two categories for data protection maturity
  • Globally, 14% rank ahead of the curve; 11% are classed as “Adopters” and 2% considered “Leaders”
  • Of all the countries surveyed, China has the greatest number of companies ahead of the curve (30%) and the UAE the least (0%)
  • Globally, very large enterprises of more than 5,000 employees were twice as likely (24%) to be ahead of the curve than smaller enterprises of 250-449 employees (12%); companies in the U.S. and The Netherlands were the greatest vanguards outside of Asia Pacific and Japan (at 20% and 21% respectively)

Guy Churchward, President, EMC Core Technologies, said, “This research highlights the enormous monetary impact of unplanned downtime and data loss to businesses everywhere.  With 62% of IT decision-makers interviewed feeling challenged to protect hybrid cloud, big data and mobile, it’s understandable that almost all of them lack the confidence that data protection will be able to meet future business challenges.  We hope the global data protection index will prompt IT leaders to pause and reevaluate whether their current data protection solutions are in alignment with today’s business requirements as well as their long term goals.” 

Surajit Sen, Country Manager – Data Protection & Availability Division, EMC India, said, “As businesses continue to struggle to protect their current workloads, the findings from this global study show that many enterprises in India are 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 India 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.”

© Technuter.com News Service

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