In 2013, Science Daily reported, “90% of the world’s data [was] generated over the last two years.” That was six years ago! According to DOMO, today, “over 2.5 quintillion bytes of data are created every single day… By 2020, it’s estimated that 1.7 MB of data will be created every second for every person on earth.” If you’re in IT, that is an overwhelming amount of data to store, secure, and backup, and the price to do that can quickly add up. In this blog, we’ll dive into what Backup as a Service (BaaS) is and why you should consider a BaaS model for your business.
What is BaaS?
First things first: backup as a service, BaaS, and cloud backup are all the same thing. BaaS is an alternative approach to traditional backup, while conventional backup methods are centralized and performed on-premise by an IT department. Companies using BaaS purchase backup and recovery services from outside providers. BaaS can connect systems to a private, public, or hybrid-cloud, depending on your current backup/storage strategy, and is entirely managed by the outside provider.
Advantages of BaaS
- Affordability – Providers offer their services at a fixed monthly fee. You only pay for what you need, and you don’t have to make an upfront investment in infrastructure.
- Automated – Once you’re set up for BaaS, it’s completely automated. You don’t have to save, label, or track information as it flows in.
- Better Use of IT Resources – BaaS allows you to free up your IT resources to focus on projects that can make a significant business impact. IDC found the time savings and productivity gains of this approach will be worth $29,037 per 100 users per year.
- Fast Recovery – Data recovery can start instantly, regardless of your location.
- Safeguarded Against Loss – BaaS providers use multiple levels of redundancy, meaning your provider stores multiple copies of your data in separate locations. Think of this as insurance for your data.