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SMBs Facing Challenges in Data Backup: Report

Using Cloud as a secondary backup location is on the rise. Nearly two-third of the respondents said they are replicating backup data to the cloud

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Joe Balog, a workforce management director at Travelers, examines weather, social media and other data from recent natural disasters inside the company's catastrophe response command center in Windsor, Connecticut. VOA

Most small and medium businesses (SMBs) globally are facing challenges when it comes to backing up and recovering data, a new report said on Friday.

Backup is getting more complex and 57 per cent of respondents are responsible for backing up more than two sites and 35 per cent are using multiple Cloud services, said the report from US-based cyber security solutions firm Barracuda Networks.

Barracuda surveyed more than 1,000 IT professionals, business executives and backup administrators worldwide to find out about their data protection strategies.

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A French soldier watches code lines on his computer during the International Cybersecurity forum in Lille, northern France, Jan. 23, 2018. VOA

“IT may be underestimating the need to protect the Software-as-a-Service (SaaS) data in their subscription apps. Only 16 per cent reported backing up SaaS data,” the report added.

Also Read- Manipuri Women Are Breaking Barriers, The Birthplace Of Modern Polo

Using Cloud as a secondary backup location is on the rise. Nearly two-third of the respondents said they are replicating backup data to the cloud.

“While more IT professionals are embracing ways the Cloud can support data protection, such as replicating backup data to the Cloud, many are making dangerous assumptions about SaaS and Cloud data that are putting organisations at risk,” said Chris King, Director, Product Management, Data Protection at Barracuda Networks. (IANS)

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Facebook Partners VC Funds to Help SMBs Grow in India: Report

Facebook is home to more than 90 million small businesses globally

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FILE - A 3D printed Facebook logo is seen in front of a displayed Russian flag in this photo illustration, Aug. 3, 2018. VOA

With an aim to help small and medium businesses (SMBs) scale up their operations, Facebook on Wednesday announced partnerships with venture capital (VC) funds in the country.

The “VC Brand Incubator” will be the first in a series of programmes by Facebook to provide SMBs with timely skilling and guidance.

For the first edition of the programme, Facebook worked with Sauce.vc, a Mumbai-based early-stage venture capital fund that has partnered with startups in the food and beverages, personal care, apparel and the lifestyle space.

“With the ‘VC Brand Incubator’ programme, we hope to unlock the potential of SMBs in India, enabling them to enhance theirs as well as the country’s socio-economic growth,” said Archana Vohra, Director, Small and Medium Businesses at Facebook India.

“Working with VC funds is crucial as it allows us to scale and support SMBs at an early-stage itself, fast-tracking their growth,” Vohra added.

Facebook will work with VC funds to skill and mentor the SMBs by sharing insights on best practices, proven solutions, playbooks, vertical-insights among other key learnings.

“The programme provides a much-needed understanding of Facebook, its family of Apps, and the digital landscape. As a consumer-focused investor, we look for social marketing expertise in teams that we back as it is a huge driver of success for small startups that have to optimize every rupee spent,” informed Manu Chandra, Founder, Sauce.vc.

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FILE – Facebook CEO Mark Zuckerberg speaks at a Facebook developer conference in San Jose, California, May 1, 2018. VOA

India is home to one of the largest startup ecosystems in the world, and venture capital funds are an integral part of this network.

Prime Minister Narendra Modi has promised to facilitate the setting up of 50,000 new startups in India by 2024. The central government would also create a ‘Seed Startup Fund’ of Rs 20,000 crore.

According to IT industry’s apex body Nasscom, India added 1,200 new technology startups in 2018. There are now about 7,700 tech startups in the country, making it the third largest in the world, the report said last year.

The “VC Brand Incubator” programme is a series of events that woild be held across Mumbai, Bengaluru and other key cities.

Also Read: Safeguarding Government Customers’ Data Topmost Priority: Samsung

The first programme was held last month in collaboration with Sauce.vc and saw participation from 25 brands of which five were women-led businesses.

Facebook recently announced an investment in Meesho, a social commerce company empowering first-time entrepreneurs, especially women, across Tier-2 and Tier-3 towns in India.

Facebook is home to more than 90 million small businesses globally. (IANS)