OKLAHOMA CITY – Economists estimate damage caused by Superstorm Sandy could reach $50 billion.
Thousands of small business owners will not recover simply because they lost all their electronic data and have no way to retrieve it.
An Oklahoma City company said they have solutions to keep other businesses a float.
Bryan Rudd, Chief Operating Officer of Allshore Global Resources, recalled the day a tornado whizzed through Norman last spring.
“It came very close to us, it wiped out all the power,” Rudd said.
The twister just missed his business by a matter of blocks.
But if the tornado had affected the business, he’s confident in his natural disaster back-up plan.
That’s because everything from financial records, websites, company e-mail, client information and all data is stored at a CoreVault facility in Oklahoma City.
“We have a lot of computers and wires but, in essence, this is where companies are storing their data and information,” Jeff Cato said as he gave us a tour of CoreVault.
He said information is constantly backed up every 60 seconds.
With high-tech generators, CoreVault can run about two weeks on its own power.
“Well Sandy speaks for itself,” he said. “A lot of businesses are trying to get up and running. In Oklahoma we know what it’s like from tornadoes unfortunately. We live in an information age and we live in a mobile age.”
Cato said 50 percent of businesses that lose their information during a disaster never reopen.
The stats are worse when you have super storms like Sandy and hurricane Katrina when power is out for days.
“Ninety-three percent of businesses that lose that information for a period of more than 10 days end up filing for bankruptcy in a matter of about a year,” Cato said.
“It gave us the peace of mind to know that in a natural disaster here that we wouldn’t have to worry about our websites and our company being down and that all of our data would be secure,” Rudd said.
Officials recommend if you don’t decide to use a company to back up data, make sure you store information in a safe weather-proof location off site.