Latest news with #DRMM
Techday NZ
24-04-2025
- Business
- Techday NZ
Veeam unveils data resilience model as outages cost more than $400 billion
Veeam Software has launched a new Data Resilience Maturity Model aimed at providing organisations with a strategic means to assess and enhance their data resilience. The release of the Data Resilience Maturity Model (DRMM) comes alongside findings from research conducted by Veeam in partnership with McKinsey, which indicate a significant gap between perceived and actual data resilience among organisations. According to the joint study, while 30% of Chief Information Officers (CIOs) believe their organisations are above average in data resilience, fewer than 10% actually meet that standard. The research also highlights the substantial costs associated with IT downtime. For companies in the Global 2000, IT outages cost more than $400 billion annually, with individual companies incurring losses of approximately $200 million per outage, factoring in both reputational and operational impacts. Anand Eswaran, Chief Executive Officer of Veeam, commented on the findings: "Data resilience is critical to survival - and most companies are operating in the dark. The new Veeam DRMM is more than just a model; it's a wake-up call that equips leaders with the tools and insights necessary to transform wishful thinking into actionable, radical resilience, enabling them to start protecting their data with the same urgency as they protect their revenue, employees, customers, and brand." The DRMM is structured to help leaders evaluate and improve their organisation's data resilience, facilitating alignment between technical, human, and procedural aspects of data management. This collaborative approach aims to minimise risk and enable organisations to maintain focus on strategic priorities. The model, developed by a consortium of industry experts, is said to be the only framework offering a comprehensive view encompassing cyber resilience, disaster recovery, and operational continuity across three principal areas: data strategy, people and processes, and technology. The research underpinning the DRMM presents several key insights. Seventy-four percent of organisations assessed were found to be operating at the two lowest levels of maturity, below best practices. Organisations at the highest maturity level - referred to as the 'Best-in-Class horizon' - were observed to recover from outages seven times faster, have three times less downtime, and sustain four times less data loss than those less mature. The report also found that over 30% of CIOs at the least resilient organisations overestimated their data resilience capabilities, potentially placing their businesses at greater risk. Eswaran elaborated on the implications of these findings: "Data resilience isn't just about protecting data, it's about protecting the entire business. This is the difference between shutting down operations during an outage or keeping the business running. It's the difference between paying a ransom or not. It provides the foundation for AI innovation, compliance, trust, and long-term performance – including competitive advantage." The development of the DRMM involved input from over 500 leaders in IT, security, and operations, and included more than 50 interviews with C-level executives. The model has already been validated through its application in real-world settings, such as a healthcare system that reported savings of $5 million per outage and a global bank that has had no cyber incidents since implementing the framework alongside Veeam's platform. Financial data from the DRMM research indicates that investments in data resilience can provide substantial returns. For each $1 invested in data resilience measures, companies have gained returns between $3 and $5, and sometimes as much as $10, attributed to factors such as increased system uptime, lower incident costs, and improved agility. This has resulted in data resilience becoming the second highest strategic priority for IT leaders, following cost optimisation. The DRMM defines four horizons of data resilience maturity: Basic, which is reactive and manual; Intermediate, characterised by reliability but lacking automation; Advanced, which is strategic and proactive but not fully integrated; and Best-in-Class, which is autonomous, AI-optimised, and fully resilient. George Westerman, Principal Research Scientist at the MIT Sloan School of Management, explained the significance of executive involvement in data resilience efforts. "As organisations increasingly recognise the growing risks associated with data outages and cyber threats, the report underscores the importance of a collective commitment from executives beyond the IT department, to data resilience. Data outages can severely impact customer-facing capabilities and erode shareholder trust of an organisation." "But even more, they can be a signal of immature IT management processes that have led to overly complex, hard to manage, IT infrastructure. The Digital Resilience Maturity Model highlights ways that businesses can equip themselves to handle today's challenges while being ready for tomorrow's opportunities." Organisations can begin assessing and advancing their data resilience maturity through tailored executive workshops provided by Veeam. These workshops are designed to support progress along the maturity curve, reduce risk exposure, and foster operational continuity. Veeam's report, produced in collaboration with McKinsey, is based on a detailed survey of 500 senior IT, information security, and operations leaders from large enterprises, supplemented by interviews with C-level executives and IT leaders. It emphasises the need for organisations to incorporate data resilience as part of their broader business strategy.
TECHx
23-04-2025
- Business
- TECHx
Veeam Launches Data Resilience Maturity Model for Businesses
Veeam® Software has introduced the industry's first Data Resilience Maturity Model (DRMM). This comes as cyberattacks and IT outages continue to rise, causing major disruptions and financial losses across industries. The new DRMM framework helps organizations measure their actual data resilience. It also provides a clear roadmap to improve it. The model is based on joint research with McKinsey & Company and insights from over 500 IT and business leaders. One key finding shows a serious gap in awareness. While 30% of CIOs think their companies are above average in data resilience, fewer than 10% actually are. This overconfidence increases risk and leads to poor crisis response. IT downtime now costs Global 2000 companies over $400 billion each year. On average, each company loses $200 million due to data outages and business interruptions. Anand Eswaran, CEO of Veeam, said most companies are not fully prepared. He added that the DRMM is a practical tool that allows organizations to turn assumptions into action. The DRMM evaluates resilience across three areas—people, processes, and technology. It also highlights four maturity levels: Basic, Intermediate, Advanced, and Best-in-Class. According to the research, 74% of organizations operate at the lowest two levels. However, companies in the top tier recover seven times faster and suffer much less data loss and downtime. Data resilience is now a top priority for IT leaders. The study found that every $1 spent on resilience brings back $3 to $10 in value. This is due to improved uptime, reduced incident costs, and stronger performance. Real-world success stories are already emerging. One healthcare system saved $5 million per outage. A global bank saw zero cyber incidents after applying the DRMM with Veeam's platform. The model also serves as a decision-making guide for executives. It encourages company-wide involvement in data protection, not just IT departments. George Westerman from MIT Sloan said outages often reflect deeper issues in IT strategy. The DRMM helps identify these gaps and offers a path forward. Organizations can begin their data resilience journey with Veeam's tailored workshops. These sessions help teams assess their current status and take steps toward higher resilience. With this launch, Veeam is helping businesses stay protected, recover faster, and remain operational—even in the face of rising threats.
Channel Post MEA
23-04-2025
- Business
- Channel Post MEA
Veeam Unveils Framework To Close Data Resilience Gap
Veeam Software has unveiled the industry's first Data Resilience Maturity Model (DRMM) . The new framework empowers organizations to objectively assess their true resilience posture and take decisive, strategic action to close the gap between perception and reality to ensure their data is resilient in the face of growing cyber-attacks and outages. Joint research conducted by Veeam and McKinsey reveals a staggering disconnect: while 30% of CIOs believe their organizations are above average in data resilience, fewer than 10% actually are. This miscalculation is not just risky; it's reckless. According to the report, IT downtime costs the Global 2000 over $400 billion annually, with $200 million in losses per company from outages, reputational damage, and operational disruption. 'Data resilience is critical to survival—and most companies are operating in the dark,' said Anand Eswaran, CEO of Veeam. 'The new Veeam DRMM is more than just a model; it's a wake-up call that equips leaders with the tools and insights necessary to transform wishful thinking into actionable, radical resilience, enabling them to start protecting their data with the same urgency as they protect their revenue, employees, customers, and brand.' The Veeam DRMM framework empowers leaders to assess and improve their data resilience by providing valuable insights for aligning people, processes, and technical capabilities with their overall data strategy. This alignment helps minimize risk exposure while allowing organizations to concentrate on mission-critical objectives and sustain a competitive advantage. Notably, the Veeam DRMM stands out as the only framework in the industry from a consortium of industry experts that delivers a holistic perspective on cyber resilience, disaster recovery (DR), and operational continuity across three key domains: data strategy, people and processes, and technology. Key findings from the Veeam DRMM research include: 74% of organizations fall short of best practices, operating at the two lowest levels of maturity. Organizations at the highest maturity level (the Best-in-Class horizon) recover from outages seven times faster, experience three times less downtime, and suffer four times less data loss than their peers. Alarmingly, over 30% of CIOs in the least resilient companies mistakenly believe their data resilience capabilities are better than they actually are, exposing their businesses to potential failure. 'Data resilience isn't just about protecting data, it's about protecting the entire business,' Eswaran continued. 'This is the difference between shutting down operations during an outage or keeping the business running. It's the difference between paying a ransom or not. It provides the foundation for AI innovation, compliance, trust, and long-term performance – including competitive advantage.' Built on extensive research in collaboration with McKinsey & Company and insights from over 500 IT, security, and operations leaders, the Veeam DRMM has been validated through real-world customer outcomes, including a healthcare system that saved $5 million per outage and a global bank that achieved zero cyber incidents after implementing the model with Veeam's platform. Investing in data resilience yields substantial returns, according to the DRMM research which shows that for every $1 spent on data resilience measures, companies reap $3 to $5, and sometimes as much as $10, in return – driven by improved uptime, reduced incident costs, and enhanced agility. As a result, data resilience has surged to the #2 strategic priority for IT leaders, second only to cost optimization. A Resilience Blueprint for the Boardroom The Veeam DRMM categorizes organizations across four data resilience maturity horizons: Basic : Reactive and manual, highly exposed : Reactive and manual, highly exposed Intermediate : Reliable but fragmented, lacking automation : Reliable but fragmented, lacking automation Advanced : Strategic and proactive, yet missing full integration : Strategic and proactive, yet missing full integration Best-in-Class: Autonomous, AI-optimized, fully resilient 'As organizations increasingly recognize the growing risks associated with data outages and cyber threats, the report underscores the importance of a collective commitment from executives beyond the IT department, to data resilience,' said George Westerman, Principal Research Scientist at the MIT Sloan School of Management. 'Data outages can severely impact customer-facing capabilities and erode shareholder trust of an organization. But even more, they can be a signal of immature IT management processes that have led to overly complex, hard to manage, IT infrastructure. The Digital Resilience Maturity Model highlights ways that businesses can equip themselves to handle today's challenges while being ready for tomorrow's opportunities.' Organizations can kickstart their data resilience maturity journey by participating in Veeam's tailored executive workshops aimed at moving up the maturity curve, reducing exposure, and unlocking new innovations. By taking these steps, Veeam will work alongside organizations to enhance their ability to prevent outages and recover quickly and securely when disruptions occur, ensuring that data is always available, always protected, and always propelling businesses forward. 0 0
Techday NZ
23-04-2025
- Business
- Techday NZ
Most firms overestimate data resilience, risking USD $400 billion
Veeam has launched the Data Resilience Maturity Model (DRMM) to provide a framework for organisations to assess and improve their data resilience capabilities. The DRMM is based on joint research from Veeam and management consultancy McKinsey, examining global approaches to data resilience among large enterprises. The research identified a significant gap between business leaders' perception of their organisation's data resilience and the actual maturity of their systems and processes. The report shows that while 30% of global Chief Information Officers (CIOs) believe their organisations are above average in data resilience, fewer than 10% actually reach that standard. According to the findings, over 74% of global organisations operate at the two lowest levels of data resilience maturity and do not follow best practices. IT downtime remains a critical business problem, with the Global 2000 collectively incurring over USD $400 billion in losses annually through outages, reputational harm, and operational disruption. For individual companies, this translates to losses of up to USD $200 million per year. Anand Eswaran, Chief Executive Officer of Veeam, stated: "Data resilience is critical to survival—and most companies are operating in the dark. The new Veeam DRMM is more than just a model; it's a wake-up call that equips leaders with the tools and insights necessary to transform wishful thinking into actionable, radical resilience, enabling them to start protecting their data with the same urgency as they protect their revenue, employees, customers, and brand." The DRMM provides a method for organisations to objectively assess their resilience, offering insights for aligning people, processes, and technical capabilities with their overall data strategy. This alignment aims to reduce risk exposure and enable organisations to focus on business-critical objectives, while maintaining their competitive edge. The framework is described as the only industry model developed by a consortium of experts that covers cyber resilience, disaster recovery, and operational continuity across three domains: data strategy, people and processes, and technology. Among the key findings, organisations at the highest level of data resilience maturity—the Best-in-Class horizon—recover from outages seven times faster, experience three times less downtime, and suffer four times less data loss than those in lower tiers. The research highlights that over 30% of CIOs in the least resilient companies mistakenly assess their resilience as above average, exposing their businesses to significant risk. Eswaran also commented: "Data resilience isn't just about protecting data, it's about protecting the entire business. This is the difference between shutting down operations during an outage or keeping the business running. It's the difference between paying a ransom or not. It provides the foundation for AI innovation, compliance, trust, and long-term performance – including competitive advantage." The model categorises organisations across four maturity horizons in terms of resilience: Basic (reactive and manual, with high exposure), Intermediate (reliable but fragmented, lacking automation), Advanced (strategic and proactive without full integration), and Best-in-Class (autonomous, AI-optimised, and fully resilient). George Westerman, Principal Research Scientist at the MIT Sloan School of Management, affirmed the wider business relevance of data resilience. He said: "As organisations increasingly recognise the growing risks associated with data outages and cyber threats, the report underscores the importance of a collective commitment from executives beyond the IT department, to data resilience. Data outages can severely impact customer-facing capabilities and erode shareholder trust of an organisation. But even more, they can be a signal of immature IT management processes that have led to overly complex, hard to manage, IT infrastructure. The Digital Resilience Maturity Model highlights ways that businesses can equip themselves to handle today's challenges while being ready for tomorrow's opportunities." The research underpinning DRMM was derived from a survey of 500 senior IT, information security, and operations leaders from large enterprises, along with insights from over 50 interviews with C-level executives and IT leaders. Real-world case studies cited in the findings include a healthcare system that saved USD $5 million per outage and a global bank that has not experienced a single cyber incident after embedding the model into practice using Veeam's platform. According to the DRMM research, data resilience investments deliver significant returns, with each USD $1 spent yielding between USD $3 and USD $10 in value through improved system uptime, reduced incident costs, and enhanced agility. Consequently, data resilience has become the second most important strategic priority for IT leaders, behind only cost optimisation. Organisations have the option to participate in executive workshops offered by Veeam to help progress up the maturity curve, reduce risk exposure, and enable new operational innovations. The Veeam report emphasises the imperative for businesses to prioritise data resilience as a central component of their overall strategy, acknowledging the wide-ranging operational, financial, and reputational risks posed by data loss and downtime.
Business Wire
22-04-2025
- Business
- Business Wire
Veeam Launches Strategic Framework to Close the Reality Gap in Data Resilience
SAN DIEGO--(BUSINESS WIRE)--VeeamON-- In an era marked by escalating cyberattacks and costly IT outages, Veeam® Software, the #1 leader by market share in data resilience, has unveiled the industry's first Data Resilience Maturity Model (DRMM). The new framework empowers organizations to objectively assess their true resilience posture and take decisive, strategic action to close the gap between perception and reality to ensure their data is resilient in the face of growing cyber-attacks and outages. Joint research conducted by Veeam and McKinsey reveals a staggering disconnect: while 30% of CIOs believe their organizations are above average in data resilience, fewer than 10% actually are. This miscalculation is not just risky; it's reckless. According to the report, IT downtime costs the Global 2000 over $400 billion annually, with $200 million in losses per company from outages, reputational damage, and operational disruption. 'Data resilience is critical to survival—and most companies are operating in the dark,' said Anand Eswaran, CEO of Veeam. 'The new Veeam DRMM is more than just a model; it's a wake-up call that equips leaders with the tools and insights necessary to transform wishful thinking into actionable, radical resilience, enabling them to start protecting their data with the same urgency as they protect their revenue, employees, customers, and brand.' The Veeam DRMM framework empowers leaders to assess and improve their data resilience by providing valuable insights for aligning people, processes, and technical capabilities with their overall data strategy. This alignment helps minimize risk exposure while allowing organizations to concentrate on mission-critical objectives and sustain a competitive advantage. Notably, the Veeam DRMM stands out as the only framework in the industry from a consortium of industry experts that delivers a holistic perspective on cyber resilience, disaster recovery (DR), and operational continuity across three key domains: data strategy, people and processes, and technology. Key findings from the Veeam DRMM research include: 74% of organizations fall short of best practices, operating at the two lowest levels of maturity. Organizations at the highest maturity level (the Best-in-Class horizon) recover from outages seven times faster, experience three times less downtime, and suffer four times less data loss than their peers. Alarmingly, over 30% of CIOs in the least resilient companies mistakenly believe their data resilience capabilities are better than they actually are, exposing their businesses to potential failure. 'Data resilience isn't just about protecting data, it's about protecting the entire business,' Eswaran continued. 'This is the difference between shutting down operations during an outage or keeping the business running. It's the difference between paying a ransom or not. It provides the foundation for AI innovation, compliance, trust, and long-term performance – including competitive advantage.' Built on extensive research in collaboration with McKinsey & Company and insights from over 500 IT, security, and operations leaders, the Veeam DRMM has been validated through real-world customer outcomes, including a healthcare system that saved $5 million per outage and a global bank that achieved zero cyber incidents after implementing the model with Veeam's platform. Investing in data resilience yields substantial returns, according to the DRMM research which shows that for every $1 spent on data resilience measures, companies reap $3 to $5, and sometimes as much as $10, in return – driven by improved uptime, reduced incident costs, and enhanced agility. As a result, data resilience has surged to the #2 strategic priority for IT leaders, second only to cost optimization. A Resilience Blueprint for the Boardroom The Veeam DRMM categorizes organizations across four data resilience maturity horizons: Basic: Reactive and manual, highly exposed Intermediate: Reliable but fragmented, lacking automation Advanced: Strategic and proactive, yet missing full integration Best-in-Class: Autonomous, AI-optimized, fully resilient 'As organizations increasingly recognize the growing risks associated with data outages and cyber threats, the report underscores the importance of a collective commitment from executives beyond the IT department, to data resilience,' said George Westerman, Principal Research Scientist at the MIT Sloan School of Management. 'Data outages can severely impact customer-facing capabilities and erode shareholder trust of an organization. But even more, they can be a signal of immature IT management processes that have led to overly complex, hard to manage, IT infrastructure. The Digital Resilience Maturity Model highlights ways that businesses can equip themselves to handle today's challenges while being ready for tomorrow's opportunities.' Organizations can kickstart their data resilience maturity journey by participating in Veeam's tailored executive workshops aimed at moving up the maturity curve, reducing exposure, and unlocking new innovations. By taking these steps, Veeam will work alongside organizations to enhance their ability to prevent outages and recover quickly and securely when disruptions occur, ensuring that data is always available, always protected, and always propelling businesses forward. About the Report The Veeam report, in collaboration with McKinsey, is based on a comprehensive survey of 500 senior IT, information security, and operations leaders from large enterprises, coupled with insights from over 50 interviews with C-level executives and IT leaders. It highlights the critical need for organizations to prioritize data resilience as part of their overall business strategy. To learn more about the Veeam Data Resilience Maturity Model, visit About Veeam Software Veeam®, the #1 global market leader in data resilience, believes every business should be able to bounce forward after a disruption with the confidence and control of all their data whenever and wherever they need it. Veeam calls this radical resilience, and we're obsessed with creating innovative ways to help our customers achieve it. Veeam solutions are purpose-built for powering data resilience by providing data backup, data recovery, data portability, data security, and data intelligence. With Veeam, IT and security leaders rest easy knowing that their apps and data are protected and always available across their cloud, virtual, physical, SaaS, and Kubernetes environments. Headquartered in Seattle with offices in more than 30 countries, Veeam protects over 550,000 customers worldwide, including 67% of the Global 2000, that trust Veeam to keep their businesses running. Radical resilience starts with Veeam. Learn more at or follow Veeam on LinkedIn @veeam-software and X @veeam.
