82 percent of CIOs cannot meet their business's needs, according to the Veeam Data Center Availability Report 2014.
Failure to meet the need for always-on access to IT services costs enterprises more than US $2 million a year due to loss of revenue, productivity and irretrievable loss of data.
More than 90 percent of CIOs are under pressure to recover data faster and back up data more often.
Business world is shrinking and today enterprises work with partners across time zones. This emerging global business village is pressuring data center assets to be always-on regardless of the location.
"The availability of IT is more important than ever. Yet businesses globally are being failed by an IT industry that has led them to believe they have to accept downtime, and that the Always-On Business is nothing but a fantasy," said Ratmir Timashev, CEO at Veeam. "This isn't acceptable. Organizations can't afford to lose millions of dollars from IT failures, nor can they continue to gamble with data availability. The good news is things are set to change.
Frequent, real-time interactions
65 percent of respondents said they are under pressure because of more frequent, real-time interactions among customers, partners, suppliers and employees.
56 percent are under pressure due to the need to access applications across time zones and increased adoption of mobile devices.
The other reasons CIOs are under pressure include employees working outside regular hours (54 percent); and an increasing level of automation for decision making and transactions (53 percent).
One in six backup recoveries fails, and this lost data costs enterprises about US $682,000 each year.
IT departments are presently missing the recovery time objective (RTO) their businesses demand for mission-critical data by more than an hour.
"To keep pace, enterprises need entirely new types of solutions that enable 24/7 availability in a way that legacy data protection and backup products could never do," added Timashev. "This means high-speed, guaranteed recovery of every file, application or virtual server when needed. It means leveraging backup data and environments to test the deployment of new applications, mitigating the risk of failure. And it means complete visibility, with proactive monitoring and alerting of issues before they affect operations."
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