Anguilla: Why You Should Backup Digital Assets
You need to backup your assets if you want that Anguilla .ai money.
I can’t help but think of The Beach Boys when I think of Caribbean islands. “Aruba, Jamaica…” their easy-breezy sound gives you a pretty good list of palm tree islands serving up rum cocktails. But one island that doesn’t get a mention has suddenly experienced massive business with the explosion of artificial intelligence (AI).
Anguilla, the previously inconspicuous British Overseas Territory in the Eastern Caribbean, has experienced a sudden windfall. This is because its top-level domain (TLD) shares its letters with those of a more famous acronym, AI, thus creating a digital gentrification that is enriching some of its population.
Tech entrepreneurs, from their Silicon Valley headquarters, are scrambling to get their well-preserved mitts on an .ai TLD. This means that if they haven’t attributed their company website to an unclaimed domain they are likely going to have to buy one from, for example, someone in Anguilla.
This was the case for Dharmesh Shah, with the HubSpot co-found reportedly one lucky Anguillan USD$700,000 to snag the domain name “you.ai”. Shah plans to create an AI product that allows people to create digital versions of themselves to complete tasks on their behalf (I’ll pass, cheers).
Regardless, this digital era phenomenon is the perfect example of how our digital assets can go from near-useless one day to earning big bucks the next. A sudden technological advancement could make your sleepy island TLD hotter than a Caribbean red pepper in a fiery jerk chicken sauce.
With this in mind, here are three reasons to backup your digital assets:
1. They preserve valuable assets
Everyone remembers the story about the guy who lost his USB containing $20 billion worth of Bitcoin (or however much it was). We laugh at these stories thinking that such a thing would never happen to us. We devalue our existing digital assets thinking that there is no way they could experience a sudden value increase.
What’s more, we also think that we have our digital assets safely stored and without the threat of corruption. The harsh reality is that without proper data backups none of our digital assets are truly safe. By creating copies of our digital files we will be able to safely access them in the future. So, you’ll be set when the day comes that the joke domain name you purchased 20 years ago suddenly becomes extremely relevant.
2. They prevent data loss
A massive data breach can be the death of a business. Okay, this is rare, and it is more likely that a data loss due to human error or nefarious online character will significantly damage the business and its reputation. They may not end up down and out but they will have taken a serious hit. This kind of data loss can be avoided with the help of digital asset backups.
By storing your online data (including digital assets) in the one handy system you will be reducing the risk that your data can become corrupted and, consequently, lost for good. Data backups will be there to save the day despite one of your customer data managers accidentally deleting a significant amount of imperative information.
3. They can help you chill out
Because we’re all accumulating digital assets at an extreme rate. All you have to do is look at the amount of digital subscriptions we have to get an idea of how we are producing what could be valuable digital assets. You want to know that there is a place where you can access your essential data in the event of an emergency.
Domain names are just one such example of how our data could seem ineffective today and become the next big thing tomorrow. Store your assets wisely and you will be rewarded in the future.
