Data loss is a common but serious problem these days with businesses of all sizes. When you lose a file that means you are losing your time and money. Then you have to pay the added cost to restore or recover information. It occurs when you or someone in the team accidentally delete data or data gets corrupted. If you lose a file or document often of in large chunks then it has a lasting impact on your company’s financial health.
Data loss is due to various reasons such as accidental delete, getting corrupt, viruses, cyber attack, physical damage or formatting errors. This is the reason that companies have started looking for prevention solutions. These reduce the risk of sensitive data leaking outside the company.
Gartner estimates that by 2021, 90% of organizations will have implemented at least one form of integrated DLP, up from 50% in 2017.
Let’s see some of the common causes of data loss.
While the data loss could happen because of many different factors, data recovery also have unique problem. In maximum cases, it has been noted that hard drive crash is the reason behind data loss. Other causes are human errors and issues with software. According to data from Kroll Ontrack:
- 67% of data loss is caused by hard drive crash or system failure
- 14% of data loss is caused by human error
- 10% of data loss is caused by a software failure
Here is a list of top 10 common causes:
- Human Error
- Viruses & Malware
- Hard Drive Damage
- Power Outages
- Computer Theft
- Liquid Damage
- Software Corruption
- Hard Drive Formatting
- Hackers and Insiders
Effects of Data Loss in Mandi System
Data loss is a major inconvenience that disrupts the day-to-day function for any mandi and mandi accounting. When bills or hand written account ledger or documents stored in your computer gets corrupted, you spend time and resources recreating or recovering them. While you may be able to recover some part of data or hard copies of information, but these may not be up-to-date. Data loss could be costly for your business as well as add cost of repair for damaged files.
How to prevent the data loss
Data protection is very necessary and even softwares sometimes fail to provide so. Understanding the grave concern, Bijak which is India’s Number 1 Agritrading Startup came up with a solution called ChargeERP. ChargeERP is a mandi accounting software can act as a Data loss prevention solution for you as everything is saved over cloud with end-to-end encryption. This means your data is always safe and you could access it from anywhere & anytime.
ChargeERP accounting software has been designed keeping in mind the daily interactions of commission agents in agricultural mandis. It is a cloud-based accounting software introduced with the core aim of reducing the agent’s workload. ChargeERP is the easiest online accounting software available in India. One of the many benefits of this platform is that it can be accessed from anywhere and from multiple devices. It provides data security with end-to-end encryption. Plus, it doesn’t require any kind of technical or accounting expertise.
If you are looking to explore more about this next-level accounting software, feel free to dial +91 9311341199 or visit www.chargeerp.com, and request your free demo today. We also suggest that you follow us on for regular updates. You can also view the latest instructional videos on the ChargeERP .