Revealed by EMC: Data loss and downtime cost Hong Kong enterprises US$2.2 billion in the last 12 months, compared to the average of $34 billion across the Asia Pacific and Japan region, This was revealed in the EMC Global Data Protection Index, conducted by Vanson Bourne and covering 3,300 IT decision makers from mid-size to enterprise-class businesses across 24 countries, including 125 respondents from Hong Kong.
Findings show that global data loss is up by 400% since 2012 while, 66% of Hong Kong organizations are still not fully confident in their ability to recover after a disruption.
In Hong Kong, 57% of enterprises surveyed experienced data loss or downtime in the last 12 months. The average business experienced more than two working days (22 hours) of unexpected downtime in the last 12 months.
Other commercial consequences of disruptions were loss of employee productivity (63%), and loss of a new business opportunity (54%).
Business trends, such as big data, mobile and hybrid cloud create new challenges for data protection in Hong Kong, with 31% of businesses lack a disaster recovery plan for any of these environments and just 6% have a plan for all three.
Globally, 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 Hong Kong, those using three or more vendors to supply data protection solutions lost 8.48 times as much data as those who unified their data protection strategy around a single vendor.