Do You Have a Disaster Recovery Plan in Place?
As a company, you will definitely face the risk of losing data at some pint or the other, whether due to a virus, machine error, power failure, natural disaster and so on. Below are some statistics to give you an idea about how businesses deal with data loss disasters:
- 90 percent of business firms which lose data owing to a disaster have no option but to close down in a time period of two years.
The rate of survival for companies which do not have a disaster recovery backup plan is lower than 10 percent.
- Merely 44% of business firms could successfully retrieve data following a database recovery effort.
- 53% of the claimants are never able to recover from the losses suffered as a result of a disaster.
The statistics mentioned above give a fair bit of idea on the magnitude of losses your business could incur (from significant financial failures to complete shutdown) when you don’t have a disaster recovery plan. But these statistics are only a part of the whole picture. You need to understand what disaster recovery plan looks like and the need for such a plan. How can it help your business be safe and secure?
What is a disaster?
First and foremost, it is vital to comprehend the meaning of a disaster. Disaster can be defined as any sort of event which interferes with your ability to keep the business running.
When you realize that a disaster can be anything which disrupts the normal functioning of a business, you come to accept the actual value or importance that a disaster recovery plan has.
When you consider major natural disasters (earthquakes, tornadoes, storms), you feel disaster recovery to be hopeless and extremely overwhelming. In addition to this, it would also be very expensive. A lot of time and investment would be needed to revive and even get the critical business processes back to minimal operational order.
Why you need a recover plan
Understand this that you’re not exactly planning to deal with a tornado which wipes off your business. You want to keep yourself prepared for each time that any of the servers fail, or the system gets hit by a virus, or a power failure occurs , or even if an enraged employee decides to delete sensitive files.
In any of the above mentioned events, your business will suffer losses. These events can interrupt the smooth functioning of your business, waste precious resources and prevent customers from investing in your product/service.