However, it’s admittedly difficult to fathom the impact of a disaster if we haven’t lived through one. Businesses often put off succession planning, technology upgrades, and disaster recovery planning because the threat is not eminent. It is somewhere in the unforeseeable future. But, especially in the case of a data emergency, trust that it is somewhere in the future. For instance, 89 percent of all healthcare organizations have experienced data breaches, which could result in data loss. Small businesses without the security infrastructure and regulations of healthcare organizations are at even greater risk.
And that’s just one aspect of a disaster that could threaten business continuity. Companies may have to contend with fires, floods and natural disasters that could damage mission critical equipment and even put a temporary halt to business operations.
Any number of disasters could strike your business, including:
Y2K was a false alarm, but that doesn’t mean that the myriad additional threats businesses face today are also false alarms. Don’t let your fears of spending time and money on disaster recovery planning or a sense of complacence lull you into ignoring your disaster recovery strategy any longer. Take action now, before a disaster strikes.
Disaster recovery is a key element of business continuity. To maintain revenue streams, protect human capital, and keep the lights on at the office, you need a disaster recovery plan suited for your business. Explore your options and compare the costs of contingency planning with the costs of a threat. With these numbers on hand, it may even be easier to get buy-in from the CFO and the rest of your c-suite. Planning almost always costs less in the long run. How do you start creating a disaster recovery plan for your business?
Every business has a different set of challenges to face in disaster recovery. Consider the factors that would keep your business moving forward in the event of a disaster, and start working on a formalized plan today. Business experience will not prepare you for every disaster likelihood, but investing the resources in a strong disaster recovery and business continuity plan will make your company stronger.
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