× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Data loss costing companies dearly

By Peter Kiragu | November 1st 2015

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.

Share this story
NBK seeks to increase customer base
National Bank of Kenya (NBK) has introduced a premium banking product to deliver custom-made service to high net worth individuals. The bank is planning to utilise this platform to realise a fast growing segment of high net worth customers.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.