“Fewer than one in five UK companies have a strategy in place to protect their digital assets from loss or degradation, despite a high level of awareness of the risks and potential economic penalties that might result.” – Source: Mind the Gap: Assessing Digital Preservation Needs in the UK (Digital Preservation Coalition).

According to the report, more than two-thirds of those surveyed admitted they had lost business data and were aware of the negative impact such losses could have on their organizations. Ninety-percent said it damaged “corporate memory”; 66% said such snafus damaged them financially.