Credible cloud providers will have spent a lot of time creating accessible privacy documents and GDPR statements because they know how important data security is to businesses of all sizes. When looking for cloud technologies, data policies and privacy measures are hugely important. But it’s also your responsibility to know where these hosted providers store their data. It’s clear then that companies must have a range of security systems in place to secure and back up their data. Consumers quickly lose trust in brands that they don’t think are doing enough to protect their data. The British Chambers of Commerce found that 93% of companies that suffer data loss for more than ten days file for bankruptcy.ĭata loss is not only costly, but it can also be damaging to a brand. Symantec found that in the UK, businesses on average have to pay £1.9 million a year for every instance of data loss they experience. Research indicates losing data can have some devastating consequences for businesses. What Can Happen If You Experience Data Loss? In Australia for example, regulations dictate certain data has to be stored in Australia. In other countries, there are also important regulations. These wide-ranging laws mean that companies have to keep careful tabs on their data and how it is stored. Most recently, and most importantly, is GDPR. There are many legal regulations which mean that it’s hugely important for companies to know where their data is.
Does It Matter Where Company Data Is Stored? Deployment is much simpler and managing these systems much easier, and files can be more easily shared between users, improving productivity.īut the move to the cloud has meant that businesses have lost some control over where their data is stored. This can have many benefits for your business. Cloud technologies make it easy to securely store data in the cloud, without the need physical storage for physical storage. For many companies, storing data on-premises has become a thing of the past.
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