Companies are suffering mounting financial losses owing to loss of poorly stored data, experts have said. Compfix Data, a leading IT firm in data recovery and storage, says Kenyan organisations are losing 45 terabytes of data annually owing to human error and hardware breakdowns.

"Of the reported cases of data loss, 43 per cent of the time the data will be lost permanently without the chance of recovery," David Njoroge, the technical director of Compfix Data said yesterday.

He said that studies have shown that a company that suffers outage of 10 days or more due to data loss can never recover fully financially. Njoroge spoke when he launched the company's cloud backup solution, DataBank.

Financial Standard
Premium 14 years on, Kenya's oil dream still a mirage amid mounting Tullow woes
Real Estate
Premium Inside Housing Law that will grant Ruto billions for project
Financial Standard
Premium It's high time we went the lottery way in allocating public sector jobs
Financial Standard
Premium Transport tycoon's widow battles lender over Sh174m 'fictitious' loan