The demand for information is increasing exponentially, and the tolerance for being without information – by customers, employees, suppliers, and especially, by regulators – is decreasing at an even faster rate. Organizations need to be prepared by having solutions in place to ensure that stakeholders are always connected to mission-critical information.
“Before any disaster plan can be implemented, it is absolutely critical to establish
the recovery requirements. This involves a thorough understanding of your applications and the way they relate to everyday business”
Business Continuity involves more than recovering an organization’s IT environment in the event of a disaster. Business Continuity insures that an organization can restore its IT systems and business processes. Today’s Business Continuity solutions must keep organizations up and running despite unplanned interruptions.
Disaster Recovery – Striking the Balance
The Chief Financial Officer and Chief Information Officer typically have the responsibility to plan for Disaster Recovery (DR), including Data Protection and Service Restoration. Initially, they determine the probability of an unanticipated disruption and the resulting business impact. Next, prudent executives consider the financial magnitude of a disaster, as well as the real costs of preparing for, mitigating or avoiding the catastrophe altogether. Further complicating the analysis is the difficulty of quantifying the damage to a company’s reputation and brand equity – which may be a significant amount. These strategic decisions require due diligence to strike the right balance.
Many executives consider Disaster Recovery decisions to be similar to the evaluation process used when buying insurance. The decision variables for Disaster Recovery include the Recovery Time Objective (RTO), the Recovery Point Objective (RPO), and the level of system and operating capacity that is absolutely necessary to restore business-critical operations. A reputable vendor who understands an organization’s business processes, information technology and application software can provide valuable insight to executives evaluating their disaster recovery options.
A good Disaster Recovery plan should be comprehensive – considering data and service recovery, data and record management, network, infrastructure, security and regulatory compliance. Forward-thinking businesses often incorporate data replication or electronic vaulting to a secure remote location to protect their critical information. A remote location ensures that any catastrophic loss to a company’s facility or infrastructure will not result in the loss of mission critical information.
Plan for the Worst, Hope for the Best
It’s never been more important to ensure that people and information are always connected. When employees, customers, suppliers or partners can’t gain access to the information they need, business suffers.
The time to begin to develop or to re-evaluate your Disaster Recovery plan is now. Lost information and unplanned downtime can cost your company its revenue, productivity, and customer confidence. Contact BrightStar representative to help you develop a Business Continuity plan that balances risk and cost – a plan that is well designed to ensure the survival of your business.
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