Author is a writer for A & G Select Imports which specializes in used BMW's and other luxury cars. For additional information about these services you can visit http://www.AGSelectImports.com
Most businesses have laws and regulations for how long specific data must be stored, but still many companies don't have a tape drive, tape libraries, secondary storage or any plan for archiving data.
Even if your industry doesn't have specific requirements, keeping a well documented business information library is a safe bet. Recently, the residential building company Urban Renaissance Agency realized that it had lost archived building plan data for 555 (31%) of its condos due to "insufficient storage measures.