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A fifth of businesses in the banking and finance sector have no systems in place to ensure their data can still be read in years to come, according to a survey by data experts Crown Records Management.
As technology advances at an ever-faster rate the prospect of previously popular formats becoming obsolete is growing all the time.
Already files produced in Word Perfect or Lotus 123, movie clips and photographs stored in the .MOV format and information stored on floppy disks are in real danger of becoming unreadable in the very near future.
Now a survey commissioned by Crown Records Management and undertaken by Censuswide has unveiled the real size of the problem in the banking and finance sector.
See survey results and full article at www.globalbankingandfinance.com