February 8th 2025

Over $1.7 Trillion Lost Per Year from Data Loss and Downtime According to Global IT Study

Over $1.7 Trillion Lost Per Year from Data Loss and Downtime According to Global IT Study

Data Loss Up 400%, Businesses Say They Remain Unprepared in the New Era of Mobile, Cloud and Big Data

RESEARCH HIGHLIGHTS:

  • Data loss and downtime costs enterprises $1.7 trillion1
  • Companies on average lost 400%2 more data over the last two years (equivalent to 24 million emails3 each)
  • 71% of IT professionals are not fully confident in their ability to recover information following an incident
  • 51% of organizations lack a disaster recovery plan for emerging workloads4; just 6% have plans for big data, hybrid cloud and mobile
  • Only 2% of organizations are data protection “Leaders”; 11% “Adopters”; 87% are behind the curve
  • China, Hong Kong, The Netherlands, Singapore and the US lead protection maturity; Switzerland, Turkey and the UAE lag behind
  • Companies with three or more vendors lost three times as much data as those with a single-vendor strategy