At the beginning of this year, Forbes posted an interesting article online titled: “The $100 Billion Problem No One is Talking About.” It’s written by Kevin West, CEO K logix, and addresses the extreme cost of data loss to the United States—numbering into the hundreds of billions by 2018.
While West’s main objective is to highlight the need for heightened vigilance in the data security sector, being an archivist, I think of the additional (and at times hidden) costs of data loss.
When Mark and I launched Hanzo Archives, it was largely in response to solving the issue of online data loss. Not to belabor the point but, as we’ve stated before, the Internet has no inherent memory. We’ve already lost more content than many great libraries contain. Perhaps not as valuable content, but who knows? Afterall, I was once reminded that Dickens was first published in the penny dreadfuls.
So yes, in addition to security concerns, data loss is also a big problem for the enterprise. The web has become the easiest way to communicate with your colleagues and customers. There is such a diversity of tools, the barriers to entry are low (anyone can publish a website in half and hour, grab WordPress or something similar and off you go.)
With that being said, web archiving is the “one size fits all” way to approach data loss.
It’s the simplest way to record all the weird and wonderful diversity that makes your employees jobs easier and more efficient—especially for information management, audits, regulatory compliance and the like. This also means that data security and web archiving together provide a complete business solution—one that does need more attention, but more importantly, action.