Effects of Data Loss on Companies

Let us have a closer look at the effects of data loss on companies.

Data loss may seriously affect the company?s sales as it may render them incapable of communicating with their customers. This may be because of the unavailability of correspondence details of the customers which are nowadays stored on the computer since most of the communication takes place through emails. The emails may also contain contract details with a particular client, records of grievances etc.
The database of a company contains many extremely important details such as reports on sales, manufacturing processes, finance etc. Loss of these data, even for a small period of time, may stop the company from functioning during that particular period. Even the loss of some part of the data may cause major disruptions.
Most of the decisions made by a company are based on analysis of trends …