Disaster recovery and business continuity planning are unpleasant but necessary precautions to protect your company in the event of a disaster. And in today’s world, disasters come in all shapes and sizes. Whether your company is big or small, you should make a disaster recovery plan today.
Types of Threats
In a digital context, the term “disaster” refers to virtually any threat to the integrity or privacy of a company’s data. The term encompasses a multitude of digital threats (hackers, spyware, viruses, etc.), as well as human error, system breakdown, environmental factors such as a building fire or water leakage, and much more. These threats can last an hour or two, or they may cause long-term delays. But even though there are dozens of potential threats, a single disaster recovery plan can protect your business from virtually any digital disaster.
Many Businesses Unprepared
Despite most companies integrating modern technology into their business infrastructure, an overwhelming number of them have yet to adopt a disaster recovery plan. In a 2014 study by Disaster Recovery Benchmark, 73 percent of participating companies received failing grades for disaster preparedness.
What Happens Without a Plan
The short answer is simple: disaster. The more specific answer depends on your company’s industry and technology infrastructure. If your small business was hit with a disaster that took the website down for an hour, damages can cost thousands, according to a Forrester Research study. The study also found that typical web and email outages can cost up to $47,662 per incident. A recent server outage disaster at Salesforce could cost the major SaaS company up to $20 million to correct. With a disaster recovery plan in place, you can avoid spending unnecessary dollars fixing something that could have been prevented.
Disaster recovery planning may seem like an unnecessary or expensive precaution, but with most businesses relying heavily on technology, responsible business owners must plan ahead and plan well for a disaster to avoid potentially crippling recovery costs. If you are interested in consulting with a professional to create a disaster recovery plan, call us today: 816-781-3006