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$38bn fund data lost in AK
By Paul Venezia | March 20, 2007, 8:36 am
There’d better be a whole lot more to this story. The short version is that a tech in Alaska managed to format a hard drive, then the backup hard drive that contained records for Alaska’s oil-funded resident account worth $38bn. Of course the backup tapes were unreadable.
But waitaminute. This data was kept on a single hard drive? 800,000 OCR scans of paper records and other data with a value like this? They deserved this. I mean, this is a whole new level of incompetence. I have a better backup of 1TB worth of ISO images that can be replaced at a whim than they have for this fund? Asinine.
The best part is that they called in consultants from Dell and Microsoft to the tune of $71,000 in billable hours — and got nothing for the effort.
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One Response to “$38bn fund data lost in AK”
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March 20th, 2007 at 1:43 pm
$71,000 in consulting fees. I need that gig. Especially if no real result is required. I can DO no results. Really.