No matter which option you select, a functional remote-wipe solution doesn't have to be fancy. It just needs to so exactly what the name implies: Let you delete data from a company-owned or managed smartphone if you decide that's necessary.
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And then there's the matter of ensuring that no matter what happens to your smartphone, your data is safely backed up. The iPhone makes this so easy that it's hard to justify not backing up your data; all you need is a Mac or a PC and a copy of iTunes. (Of course, you might also want to store those backups in a safe location -- perhaps a perfect use for one of the better cloud-storage services.)
It's easy to get caught up in the "fun factor" when you're putting a new smartphone through its paces. Just remember that when a device has this much power -- and this much storage capacity -- it becomes a lot more important to worry about data security. If your smartphone goes missing, make sure that your business data doesn't go missing along with it.