With 26.5 billion in revenue lost each year due to IT downtime, companies are moving to more comprehensive cloud backup and disaster recovery (DR) plans. However, according to IBM, only 48% of companies are currently using cloud computing for DR.
Read below to understand more about the current state of cloud backup and DR and what the cost and impact to your business could be.

The Current State of Cloud Backup and Disaster Recovery

• 58%- of data stored in the cloud is critical business and application data
• 30%- of mid-sized companies have adopted cloud DR by 2014.
• 48%- of all companies are currently using cloud computing for DR.
• 54% of SMBs currently move their backup to the cloud.

The Top 4 Causes of Downtime

• 55% of hardware failure
• 22% human error
• 18% of software failure
• 5% of natural disasters.

Can you recover from a disaster?

• 78% of lost data is due to IT failure or poor recovery planning
• 90% with a proper cloud disaster and recovery plan, you can achieve up to 90% in cost savings and reduce downtime by 99.9%