Our tape drive went "pop". ?700.00 to replace. And then all the tapes. And then the installation and setup time. And then paying the member of staff to change the tape and carry one offsite every day.
A server on the lan, in a remote building, locked away, accepts copies of the backups from the other servers onto a couple of cheap, large IDE disks.
Restoring is fast, running costs miniscule, and if the building catches fire, I recover the server from the other building and rebuild our business elsewhere.
Why would you still bother with tape?!
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