During a crucial business session presentation, Nitin Kumar, a budding entrepreneur in the IT sector, lost all important data that he had stored in a hard drive, when his computer crashed and the system failed. Not only did he lose valuable data but he also lost precious time retracing the information that he had collected over a considerable period of time. This in itself highlights how imperative data storage and remote backup have become for businesses of all size. SMEs to up data storage spending Data storage and backup services are critical areas of day-to-day operations for SMEs to secure vital data essential for running their business. However, not only storing data but ensuring a dependable backup is also very critical for small businesses. â€Data management solutions and backup services have been gaining significance among individual users as well as small businesses in the last few years. Demand for data storage facilities and online backup services are on the rise not only in urban areas but also rural regions, thanks to the rapid proliferation of broadband connectivity and increase in storage requirements among the SME segment,†said Dibakar Mohanty, an independent IT analyst at Guwahati. Considering the robust growth in the SME segment, companies providing storage and data management solutions are making the most of the favourable situation. â€To tap the lucrative market, data management companies are offering SMEs in India a host of integrated solutions and data storage devices especially designed to cater to their evolving needs,†said Sukriti Shah, a senior executive working with Techsoft, a small-sized hardware suppliers in Sangli, Maharashtra. Realising the relevance of securing data and stepping up data storage facility, SMEs have upped their spending to increase their storage capacity. Besides escalating their expenditures on data storage, companies must also pay attention to see how reliable their backup services are in order to keep their records intact.
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