That sinking feeling… we have all probably been there, face to face with a computer we count on that has begun to act up. The loss of data resulting from computer hardware failure, software corruption or even human error, is painful and costly. Measuring the loss is a difficult task but one that was undertaken by Dr. David M. Smith and reported on in the article from which we source today’s market size post. A full citation is below.
Specifically, the market size presented here is the estimated annual loss to businesses in the United States due to data losses on PCs and laptops. It dates back to 2003 but it provides us with a scope for the problem and a scope that we know has only grown. For further details, check the source article which defines things clearly.
Geographic reference: United States
Year: 2003
Market size: $18.2 billion
Source: David M. Smith, “The Cost of Lost Data,” Graziadio Business Review, 2003, available online here.
Original source: Graziadio School of Business and Management, Pepperdine University
Posted on December 1, 2011
Having posted which, you no longer feel quite so alone…?
Exactly!
Happily, most of the data on my failing disk this week were retrieved and my new external back-up drive arrives on Monday… a sale that will boost the closely watched tally of holiday spending, no doubt. Funny old world.
Admiring the persistence you put into your site and in depth information you provide. It’s good to come across a blog every once in a while that isn’t the same outdated rehashed information. Wonderful read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.