Veeam released its 2020 Data Protection Trends Report

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Sienna Rowley
Sienna Rowley
Sienna is an editor at Cloud Host News. She is an internet enthusiast, always eager to explore the latest trend in the tech space. She is a modest family woman who loves traveling in her free time.

This week Veeam released its 2020 Data Protection Trends Report to analyze its strategy towards data management and security. Around 1500 enterprises across the world participated in the survey. The survey further examines whereby they assume to be equipped for the IT difficulties they meet. As per the report, the survey participants declare that IT has grown into the heart and essence of several companies. But, 40% of the companies are yet relying on legacy systems to defend their data. The study also reveals that 95% of the companies still experience interruptions and these interruptions last 117 on average. Veeam also lists that an hour of downtime from a High Priority application is expected to fetch $67,651, while this figure is $61,642 for a Regular application.

Some highlights of reports

  • In the next 12 months, the most challenging that will be affecting organizations are cyber threats with 32%. This is followed by a shortage of skills to manage technology at 30% and fulfilling growing client needs at 29%.
  • The shortage of workers to work on fresh initiatives (42%) was mentioned as the most impactful data protection difficulty companies presently have. The shortage of funds for fresh initiatives (40%) and absence of clarity on operational performance (40%) was also mentioned.
  • Around half (51%) of the surveyors think DX can help their company change customer service. Roughly half stated it could change business operations (48%) and deliver cost savings (47%).
  • Nearly one-quarter (23%) of companies report their development towards attaining DX initiatives and goals as experienced or fully implemented.
  • Approximately a third (30%) of companies are at present in the initial steps of implementing or proposing DX.
  • Nearly 43% of the companies within two years are intending to take maximum advantage of cloud-based backup handled by a BaaS provider.

Danny Allan, CTO and SVP of Product Strategy at Veeam stated that the company is adopting new ways to boost their business particularly at the time where technology is constantly moving ahead.

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