Did you know? Numerous incidents could potentially wipe out your company’s whole network or database in a matter of minutes. And without a disaster recovery plan, the consequences can be hugely damaging.
Research reveals that man-made disasters impact 10% of all small businesses, while natural disasters affect 30%, meaning something as simple as a power outage can jeopardise your entire company. And with systems and networks becoming even more complex, more and more things can go wrong. Some fifteen years ago if there was a threat to a system, a disaster recovery plan may include powering down the mainframe and other computers. Current systems tend to be too complicated to have such a hands on approach.
According to the National Archives and Records Administration, 93% of businesses that experience data loss and downtime, lasting at least 10 days, file for bankruptcy within a year. Furthermore, 43% of businesses with no disaster recovery plan will collapse in the event of a significant data loss.
What is a disaster recovery plan?
Following a crisis, a disaster recovery plan provides situations for rapidly resuming work and minimizing interruptions. It’s an essential component of a business continuity strategy because it enables adequate IT recovery and data loss prevention. Regardless of the circumstances, business continuity is an undeniable benefit of having a disaster recovery plan. Focusing mainly on key operations and functions needed to restore IT services, a disaster recovery plan should be simple and straightforward. On a regular basis, it should be evaluated, inspected, and amended.
A disaster recovery plan will give your business a competitive advantage in the event of a disaster. If a natural disaster strikes, most businesses would suffer as a result of the lack of a preparedness plan. Those firms that have prepared, on the other hand, would continue to provide products and services to their clients and vendors as usual, possibly obtaining new business.
Approaching business continuity tactically benefits a corporation in a variety of ways.
The ever-increasing rate of cybercrime.
For years, cybercrime has seen a consistent rise, with the pandemic accelerating that pattern. Hackers aim to gain access to your company’s valuable data, disrupting your company along the way. You must ensure that the data can be recovered, as well as take steps to reduce the likelihood of a cybercrime to begin with. With our continued dependency on computer systems, the value of a disaster recovery plan is becoming top priority for CEOs and managing directors.
Hardware can fail.
Despite the latest IT hardware being relatively resistant to failure, numerous devices are still far from holding a flawless track record. Anyone can be hit by hard disk or internet connection failures. Overheating, friction, power interruptions and even natural disasters can trigger hardware issues and losses of data.
While eliminating a point of failure in your IT system can be expensive, implementing a disaster recovery plan that does so is the sole method to assure against hardware failures disrupting service or resulting in data loss. A cheaper and more practical alternative is to back up your data on frequently. Outsourcing your IT infrastructure to a managed service provider would be ideal and more cost-effective than building your own data center. This reduces any capital costs while providing the most stringent protection against service interruptions caused by the failure of IT infrastructure.
Mistakes do and will happen.
Whether you’ve had your PC shut down before saving an important document, or even mistakenly saving over an old word file, interruptions can happen to anybody. No matter how careful, anyone can overlook a simple detail during major process, ultimately leading to some data loss or inaccurate records. Errors like these may also be the most difficult to avoid and correct, and are usually more frequent than we think. With a disaster recovery plan that generates a number of periodic electronic data backups, you can quickly retrieve your files. With redundant firewalls, anti-virus and anti-spyware programs, security infringements can be prevented. Process improvements and quality assurance activities are perhaps the most essential method of avoiding human error. The best solution is a disaster recovery plan with frequent checks, together with online backups.
Customers expect the best.
In addition to pushing corporations towards transparency and accountability, the Internet along with Web 2.0 have massively expanded rivalry in sectors. High levels of competition in turn result in prices being reduced, service quality becoming higher and consumers becoming more entitled and powerful. Many clients expect excellence, as they understand that the next competitor would make thrive to win them over if the company fails to deliver. It is crucial that the clients find no reason to quit the company, especially something that could be avoided.
Prevention is better than cure.
In general, retaining Clients is far more cost-effective than acquiring a new leads. However, after an IT failure takes place, it becomes almost impossible to retain existing clients. Consumer trust requires a great deal of effort and care, and can easily disappear following an IT disaster including data loss or a prolonged blackout. This is particularly true when the consumers lose up to thousands of dollars in downtime per minute, which in some industries is not unusual.
No company is unable to face IT crises, but today’s increasingly impatient consumers want a quick recovery due to a well-designed IT disaster recovery plan. For consumers, most IT catastrophes are considered to be completely unacceptable. Have a disaster recovery plan—much cheaper to avert a disaster than trying to restore missing consumers in the aftermath of one.
Are you searching for support in implementing a disaster recovery plan? Elite Cloud solutions may be of assistance. Our consultants will assist with creating and implementing a strategy and managing it for you, and can advise further on best practices to avoid issues. For more details, contact us.