Businesses across Toronto are starting to realize their dependence on up-to-date data, and an increasing number of them are beginning to accept that they have to spend on data backups. It is sound logic to spend a little on backups to prevent larger costs caused by downtime and other detrimental effects of data loss, but how would you know if you spent more money than you had to? To prevent overspending, you need a data backup and recovery plan that factors in cost-efficiency.