Microsoft Office 365 (M365) has become an increasingly popular platform for businesses, with its productivity, collaboration and communication tools. However, while M365 provides basic security measures, it is not designed to restore lost, deleted, or corrupted data quickly and easily.
According to Statista, 94% of companies that experience severe data loss never recover, and SMBs are 10x more likely to be hit with a data breach than larger organizations. While it is critical to have a backup solution to protect against data loss, 58% of SMBs have no backup plan for M365. But why is that? Below, we discuss four reasons to have a cloud backup solution in place and how cloud solution providers can provide comprehensive M365 data protection for your business.