This is one of the key findings of a survey launched in Hong Kong yesterday by Kroll Ontrack, a US-based provider of data recovery solutions. The survey was conducted earlier this year by StollzNow Research. It asked IT managers from 945 small, medium and large companies in Hong Kong, Singapore and Australia about their views and experiences related to data management.

The survey found that just less than half (49 per cent) of all IT managers have reported a data loss situation in the last two years.

Daily backup absent

While larger companies may not fully appreciate the risks they face with data loss, it is the small business sector that appears to be most at risk. An alarming 49 per cent of small companies stated that they fail to back up their data on a daily basis.

This is despite the fact that nearly half of all participants had experienced data loss in their workplace in the past two years, and 36 per cent felt that data loss could have a significant impact on their business.