![]() The research firm IDC reports that the total disk storage capacity These trends cause many firms to invest in additional storage. The trend fromīack-office automation towards front-office, value-added and ubiquitous computing requires extensive data storage. Paperless environments where all corporate information is stored and transmitted electronically (Golinkin, 2007). Some industries-for instance hospitals and financial services-are quickly moving towards While these systems create advantages for firms, they are data intensive and dramatically Resources out of the back office and closer to the front line with Customer Relationship Management (CRM) and SupplyĬhain Management (SCM) systems. To the historical responsibility for storing transactions and financial information many firms are moving their information ![]() Figure 3: Costs per Megabyte of digital storage continue to fall (source: PC Magazine, Oct 2, 2007)Ī third trend in the rapid growth of stored data is the emerging role of information technology within firms. This trend is also related to Moore’s law. The reality of "Moore's Law" implies similar outcomes in the size of magnetic diskįigure 2: Hard drive capacity growth from 1995 - 2006 (IBM)Ī second trend affecting the growth of data storage is that the cost per megabyte has plummeted over the past twenty While Moore's prediction dealt with the number of transistors on a piece of silicon, it has implications for the growthĪnd costs of data storage as well. Figure 1: Moore's Law from 1970 - 2005 (Intel) Number of transistors on a single piece of silicon every 18-24 months for about the same cost. In 1965 Gordon Moore, a co-founder of Intel, estimated that the pace of technology would support a doubling of the Growth of stored data is fueled by three trends: the increasing capacity of storage media, decreasing costs per MB, andĮmerging role of information technology within firms. The amount of data stored within corporate servers, workstations and user's machines continues to grow. With episodes of data loss, considering the costs of recovery, as well as lost sales and reduced productivity. Using available data and existing research, this paper attempts to quantify the costs associated In addition, there is a cost associated with recovering the data, as well as lost productivity due toĬomputer downtime. ![]() The cost of lost data varies depending upon its application, as well as the potential value that can be captured from The failure rate may reach as high as 13% (Schroeder & Gibson, 2007). Scientists at Carnegie Mellon University found that a 2%-4% failure rate is more common and under some conditions Although hard drive manufacturers claim less than a 1% failure rate, recent research by computer These concerns are well grounded as over one-half of the respondents have already experienced some data Seventy-percent of small businesses reported that a single incident of data loss would be considered significant andĬostly. Small businesses may be more vulnerable, according to a recent survey by Verio. Many as one-third of IT decision-makers believes that a major data loss incident at their firm could lead toīankruptcy (Datamonitor, 2007). A recent study by Datamonitor found that as Lostįinancial data can lead to lost contracts and stock value, or worse. Lost data can lead to costly downtimeįor sales and marketing and reduced customer service while customer databases are restored or rebuilt. Results of Data Lossĭata loss and computer downtime have serious implications for business. Finally, we offer seven suggestions for responding to hard drive failures. Our calculations indicate that on average a single data loss incident will cost an organization $2,900, the majority of In this paper we analyze the various causes of hardĭrive failure and estimate the costs of each incident. To human error, software corruption or other causes most firms will face incidents of lost data through hard drive failure. Hard drive failure is an inescapable reality in the modern business world. How to Diagnose and Recover the Most Common Cases Assistant Professor of Information Systems
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