Fact sheet: IT Industry is affected by the
Financial Crisis
On Sept 30 2008, Steve Ballmer, CEO of Microsoft spoke at a news
conference in Norway "We have a lot of business with the corporate
sector as well as with the consumer sector and whatever happens
economically will certainly effect itself on Microsoft," he told
Reuters.
"I think one has to anticipate that no company is immune to these
issues," he said.
Meantime, stock price of Apple dropped 40% during 6 weeks. On the
other hand, according to the Forrester’s survey(a research company
based in USA), nearly 43% company cut down the budget on IT to deal
with the financial crisis, Besides more than 49% IT dept in
financial industry has the same planning.
Furthermore, from the majority IT Company’s third quarter Financial
Report, we can see the whole industry meet a large decline in
sales; it marks that the winter for IT industry coming.
Why financial crisis affect IT
industry?
As we know, financial industry is the most important factor in the
economy development. When financial organization suffered a great
loss, the financial crisis will become credit crisis. It means
currency circulation crisis, then it’s very difficult for us to
borrow money from bank. Without the support from financial
organizations, a large amount of companies will meet a financial
shortage and have to cut down the budget.
Secondly, the inconsistent trend of financial situation that cause
the shrinking discretionary spending. Corporations and individuals
keep their pocket tight and wait and see; it is going to affect
business investment concerning consumer spending on IT
products
Thirdly, each industry is connected and affected by the economic
structure. Since the bankruptcy of banks and financial
organizations, how can IT industry be immune from this crisis but
ignoring the interactional linkage?
Is there any solution for IT Firms to survive from the
financial crisis?
The answer is absolutely yes. Those are “innovation in technology,
switch or begin into new business sector” can definitely survive
and grow their business, though the financial crisis took all us to
a predicament.
Nevertheless, Crisis not only gives us challenge but also
Opportunity. Challenge and Opportunity are twins and often appear
simultaneously.
Let’s analyze the current situation in IT Industry. Since the
shrinking purchase power, most companies would prefer to maintain
and repair their IT hardware instead of buying new ones. For the IT
service/Repair Firms, they will not decrease but get more
business.
However, we can not ignore the crisis and wait passively. We have
to expand our business arrange and survive from it.
For example, IT firms can invest and start new business in IT
industry: computer application service, computer maintenance, data
backup/recovery and etc.
Along with the proliferation of computers in business, the demand
for various incidental IT services is increasing. Data recovery
service is one of these incidental services and the most promising
one.
Why Data Recovery is a most promising service for IT
firms?
Firstly, Data loss not only means a large sum of cost wasting for
companies. It also hampers routines and slows down development of
enterprise. So if there is any way to rescue the data and avoid the
loss, all companies are willing to accept and buy the
service.
Secondly, IT firms have one unique advantage to start Data Recovery
Service. Mostly, Data loss is always companied by computer crash.
When Computer Crash happened, most clients wouldn’t realize that
they need data recovery service. They prefer to call IT service
companies to repair their computer. So if IT firms can provide data
recovery service while clients need it, it is very favorable for
both clients and IT firms.
Thirdly, data recovery is new and it has bright prospective future.
If you heard of the JBL ad on airplane and know JBL starts
providing Data Recovery Service, how will you response on
that?
So for most IT firms, Data Recovery Service can be new
revenue.
What Procedure is Data Recovery assignment
involved?
The following three issues are critical for your data recovery
business. They includes the first (Technical Know-How) and the last
two (Marketing Plan and Financial Resources) followed only if you
can handle the first.
Technical Know-How: As this industry is professional, specialized
know-how is required to handle the varied types of data recovery
assignments. Generally speaking, there is 3+1 work flow applicable
to all data recovery case:
Of all the stages, Stage 3—data retrieval, is the most widely
spread and long-running; all data recovery companies, even end
users, by downloading software, can handle mission of this stage
easily. But according to SalvationDATA experts only 30 to 40
percent of all data recovery cases are simply stage 3 cases. The
left percentage requires an ability to handle with the stage 2 and
stage plus 1 issue.
Stage 2, disk data extraction, is also widely known and adopted as
“disk imaging” by data recovery services nowadays. But according to
our company, SalvationDATA, most of our potential clients perform
this important stage using ghosting tools designed for and work on
good HDDs only, not the patient HDDs that are unstable or
inaccessible because of media defects and instable head, which are
common challenges of Stage 2 in practice. Even more, with those
traditional imaging tools, the time involved and the ordinary
user-level repeated-read access to the media bring a risk of
damaging the disk and head, making data lost irretrievable.
Stage 1, drive diagnosis & restoration, is the primary stage in
a broad sense data recovery flow but in fact deals with the deepest
level in 3+1 broad sense data recovery flow. Unfortunately, Stage 1
is missing from most of the data services or even went unnoticed.
It was simply done in a zigzag procedure and often incorrectly due
to lack of proper tools. By so doing it was as good as putting away
customers and profits. Our data has shown that up to 40% of data
recovery cases have Stage 1 issues; and that IS NOT what going to
happen that we can skip Stage 1 and perform Stage 2 and 3 and still
to get certain percentage of data. You CAN NOT get anything in case
you are not capable for the primary stage.
Plus 1, refers to Head or Platter Exchanger when encountered with
motor seizure or head crash. This kind of problem often happens
where the Drive is clicking or dropping from height. Concerning
this issue, you need to replace the components and fix the
mechanical malfunction first.
From above 3+1 work flow, you may get know the basic guidance of
data recovery.
Then let’s move the following 2 factors which are relevant
to your data recovery service.
Marketing Plan: It is the same as other service you are engaged in.
It needs marketing plans and strategy. You should think more about
customers’ convenience, satisfaction, price setting, and target
market. If possible, you need advertising on different mediums
too.
Financial Resources: Of course you need budget to get the business
started before you benefit from your investment. You need
facilities like a Clean Room and equipments to carry out the
assignments. You also need to pay expensive technicians.
Supposing the Marketing and Financial investment are not the
barriers to stop you, then you need think more about the facilities
and data recovery equipments.
We have to admit that Data Recovery is a game for professionals and
engineers to play, it is impossible to get started without any HDD
Data Recovery Equipments provider.
SalvationDATA technology LLC, not unacquainted name in Data
Recovery Industry, is the biggest and cost-effective solution
provider all over the world. Their free technical support &
remote assistance and free updates greatly enhance the confidence
of the industry’s beginners. Thereby assist them to enter the
industry as soon as possible.
This leading company has HD Doctor Suite, Data Compass. And HPE
Pro. They are aiming at different stages of Data Recovery.
The HD Doctor Suite is aimed especially at Stage 1 (Drive In-depth
diagnosis and Restoration ) and Data Compass at Stage 2 (disk data
extraction) + Stage 3 (data retrieval) while HD HPE Pro at Plus 1
(Head or Platter Exchanger when encountered with motor seizure or
head crash).
They also set up America Market Department and committed to
providing with top service and support for clients from United
States, Canada, Brazil, Mexico, Columbia and etc.
You can get more details at www.diskdatarecoverytools.com
or contact at [email protected]
.
P.S. This is one effective way for IT Industry to survive from the
Financial Crisis, We hope it can offer some help for your
information.