Not every organization has a backup infrastructure in place. There are several reasons why that is a mistake, including recovery costs and rising threats to critical data.

Data backups are crucial to an organization's survival, and they typically come at a low cost compared with the expenses of not having a backup plan in place.

The costs of IT breaches and downtime today are high -- in the millions, depending on the industry -- and they emphasize why data backup is important. Solid backups are essential for businesses to mitigate data loss incidents, regardless of company size or function.

Data loss is associated with several costs, including the following:

Backups play a critical role in managing data risks and avoiding the above costs. Data backups and related recovery procedures are important to any IT infrastructure. With new threats and costly recoveries, businesses that neglect robust backup planning risk everything.