True or False: Data loss refers to the permanent or temporary unavailability of information and can impact business workflows.

Answer: True

Data loss indeed refers to the situation where information becomes unavailable, either temporarily or permanently. This unavailability can drastically affect business workflows and operations. Companies rely on data for decision-making, customer interactions, and maintaining operational efficiency. When data is lost due to reasons such as system failures, human error, cyberattacks, or natural disasters, it can disrupt processes, lead to decreased productivity, and ultimately result in financial loss. Moreover, the impact of data loss isn't limited to immediate consequences; it can also affect a company's reputation and customer trust if sensitive information is compromised. Therefore, it is essential for businesses to implement robust data backup and recovery strategies to mitigate the risks associated with data loss.