Another way of posing this question is asking yourself, “Will my current risk mitigation or disaster plan work out”? The US Bureau of Labor reports that 93% of businesses suffering significant loss of data are out of business within 5 years. Don't be a part of this statistic.
IT resources aren't keeping pace with risk mitigation requirements. There is more data to manage with limited IT resources. More applications in place, sensitive customer data and regulatory compliance are challenges facing every business as its administrators make important considerations for business continuity planning.
Tape Backup is a Risky Strategy. "Nearly 50% of tape-based backups fail to restore correctly."