Disasters take many forms. It’s not just catastrophic events such as hurricanes, earthquakes and tornadoes, also cyber-attacks & equipment failures that can be classified as disasters.
Companies and organizations can the impact of disasters with plans that detail actions to take and processes to follow to resume operations quickly with minimal loss.
In the IT space, disaster recovery focuses on the IT systems that help support business operations. The term “business continuity” is often associated with disaster recovery, but the two terms aren’t completely the same. Disaster recovery is a piece of business continuity, which focuses more on keeping all aspects of a business running in spite of a disaster. Because technology is so critical to the success of modern businesses, disaster recovery is critical for business continuity.
Economic and operational losses can overwhelm unprepared businesses. One hour of downtime can cost small companies as much as $8,000, midsize companies up to $74,000, and large enterprises up to $700,000, according to a 2015 report from the IT Disaster Recovery Preparedness (DRP) Council.
Even if your business has a disaster recovery plan of some sort, a thorough review of that plan is needed. If your company doesn’t have one, and if you’ve been handed the task of coming up with one, the first step is a risk assessment. It’s important to identify key vulnerabilities to your infrastructure and where things could go wrong, and when they do go wrong, how your operations are impacted.
This phase is where a managed service provider can help. We can assess your network & infrastructure, and provide a custom disaster recovery plan tailored to your specific operations, and you can rest assured your business is protected in a disaster situation. Talk with us today.