What are the Best Data Backup
Solutions for LA Investment Advisors?
Courtesy of FPA Technology Services, Inc.
http://www.TechGuideforLAInvestmentAdvisors.com
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Whatever the size of your
investment firm, data backup
is an operating requirement
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This article examines
the different backup types
and the advantages and
disadvantages of each
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Local Backup
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The medium for storing
the data is in the same area
(i.e. the same building) as the
machine(s) being backed up
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Lost data can be restored
quickly because the backup
is easy to access
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Since the backup is
close to the source,
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any natural disasters that strike
will damage both of them,
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so this method will not work
for irreplaceable data
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Offsite Backup
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This method involves the
backed-up data being stored
in a different location from the
source, such as another branch
office or a safe deposit box
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Compared to local backups,
the data is better protected
against fire, theft or natural
disasters
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The disadvantage is that
repeatedly conveying the
storage device to a remote
location increases the risk
of damaging the data
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Cloud Backup Services
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These backups send data
on a regular or continuous
basis to an offsite storage
medium (usually in a
commercial data center),
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using an Internet or network
connection
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Their disadvantages are
higher price, slow initial
backup times, and the fact
that restoring data can be
a longer process
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Bottom Line
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Los Angeles investment firms
need to continually back up
important client and company
files and have a plan
in place for recovering from
a system failure
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What data backup solutions
does your investment firm use?
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Have they consistently
come through when data
has needed to be restored?
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Let us know your thoughts
in the Comments box below
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