Data loss is a tragic event, and no business out there would ever want to deal with such a circumstance. Unfortunately, did you know that over 70 per cent of companies experience some data loss every single year? While some can be small losses that can easily be fixed, others can be more devastating that almost half of all businesses that suffer such a catastrophe go out of business in less than a year. It is unfortunate, still, that even though this problem is known across every company, the threat itself is never addressed adequately.

When it comes to protecting a company from data losses, the answer is usually to have backups ready. The backups can be used to recover any lost data should any unfortunate event occur, although that backup won’t be as up to date. However, it is still much better than losing data entirely. 

If you’re thinking about implementing data backups to your company, know that you are typically given the option to backup locally or backup using the cloud. What are the advantages and disadvantages of each? Keep on reading to find out more. 

1. Cloud backups

Simply put, cloud backups are carried out by copying a set of data and sending it over to a cloud-based server. This means that the data isn’t near the company and can be accessed from various places with permission. 

Advantages

The main advantage of using cloud backups is that the data held in these centres are kept in high security, with many copies in different locations in case one data centre faces a problem. These data centres are built to be resilient against data theft and loss and will take the burden from companies in terms of keeping data secure as well. This means that outsourcing data backups can end up being a cheaper route for many companies in terms of maintaining a backup.

Disadvantages

A business that works with large amounts of data will need to utilize high-bandwidth Internet connections to speed up the process. Businesses with limited data monthly will also have most of it taken up by frequent backups, which could limit the speed of the rest of the company’s Internet connection. Other disadvantages include third-party access to your data, and the inability to predict downtime due to communication between the business and service providers.

2. Local backups

Unlike cloud backups, a local backup is data stored in a medium that is kept close by. This means that the data is kept within the vicinity of the company for quick backup procedures to be carried out should anything happen. 

Advantages

Perhaps the most crucial advantage a company can enjoy from using local backups is the accessibility to it. This is the reason many businesses back up their mission-critical data locally so that there is little to no downtime, should a restore process be required. Unlike cloud backups, local backup speed isn’t limited by internet connection.

Disadvantages

With high rewards, comes high risk. Know that local backups are risky to utilize because the backups are local to the company. For example, if a natural disaster should occur, the business will be at risk of losing all its data without any backups made in other locations. Power loss can also disrupt on-going backups, and employees can lose storage devices that hold the data.

Which option you’ll go for will depend entirely on you. If you’re a smaller business, the most cost-effective option for you is cloud backups. If you have plenty of money to invest in backups, local backups will prove beneficial. Of course, you can still use a hybrid of both local and cloud backups—cloud backups for most of your data, and local backups for the mission-critical ones. 

If you are looking for cloud backup services for businesses in the UK, get in touch with us today for a free consultation.