Backups are essential as anything could corrupt or damage data, from users accidentally deleting a file to cyber criminals locking up or corrupting entire servers and databases. Without a backup the damage to a business could be a mild inconvenience, loss of profitability or it could result in the business closing down.
The risks are not limited to actions within the IT environment however, as physical damage to equipment could also be saved through backup. Factors such as fires, floods, theft or power surges could damage the Business IT infrastructure beyond economical repair. For this reason, cloud backup or off-site backup solutions should be looked into.