Business Continuity Planning

Why Should You Choose a Disaster Recovery Plan Right Now?

Disaster recovery planning is increasingly being referred to as business continuity planning. This is chiefly because disaster recovery is indispensable to business continuity. Any business organization that is uncompromising about its business and clients will know the value of advance planning to recover data and software in case of loss.

Regular measures that most organizations take for disaster recovery planning include:

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Preventive measures which forbid the occurrence of disasters; organizations run frequent security checks to alleviate chances of a terrorist attack. Power supply units are extensively maintained to prevent delicate equipment from power interruptions.

The detective measures are aimed at discovering some common unwanted events that result in data loss. Surveillance cameras, antivirus software and fire detectors are common aids.

The corrective measures aim at business process restoration and data recovery after the occurrence of a disaster.

Why opt for a disaster recovery plan?

 

Most companies opt for a decent recovery plan even after having effective preventive and detective measures in place. This ensures that the essential services and key business functions resume in the shortest possible time.

While the development of a custom disaster recovery plan can be time and resource intensive, the benefits far outweigh the costs in the event of a disaster. Some typical advantages of having a tested and documented recovery plan are:

  • The recovery will be quick and efficient
  • A greater likelihood of business continuity; estimates say that only 6 in 100 organizations that suffer a major data loss and do not have a documented disaster recovery plan, are able to continue operations two years after the disaster.
  • Greater possibility of compliance with legal and statutory requirements
  • Possible relief in insurance premiums, particularly when an organization lays out before its insurers that it has adopted tested measures to identify risks and mitigate them. A recovery plan is central to the overall risk mitigation process.
  • Chances of a better credit rating
  • Assistance in securing or saving business contracts with clients and key customers. This happens when the organization is able to prove to its customers that it will be able to continue operations and processes unhindered even at a time of crisis.

The disaster recovery plan is like a map that a company follows in the event of a disaster. If the business infrastructure, technology or process is affected because of the lack of a disaster recovery plan, the business may suffer permanent damages. If you are not intent on losing data or business, opt for a disaster recovery scheme now!