What is one potential risk of failing to back up data?

Failing to back up data can lead to significant data loss and the inability to recover important information. This risk is critical in any organization since data is often the backbone of business operations. Without regular backups, any data loss due to hardware failure, accidental deletion, cyberattacks, or natural disasters can be devastating. Companies may lose valuable customer data, financial records, and proprietary information, which can lead to operational disruptions, financial losses, and damage to reputation.

In contrast, the other options focus on positive outcomes associated with data management practices rather than the risks of inadequate backup. While improved organization of data, increased access speed, and better collaboration among teams are important aspects of effective data management, they do not directly relate to the consequences of not having a backup strategy in place.