According to ITWeb, about 78 percent of businesses have a disaster recovery strategy in place. However, about 29 percent of those that do not have a continuity plan ready noted cost as the primary prohibitor. With 66 percent reporting minimized disruption following a disaster as their main reason for having a plan in place, cost should never be a drawback.
“An organization needs to analyze itself in terms of potential business impacts and risks and then, based on that assessment, the organization is then able to prioritize exactly what measures need to be put into place with regards to its disaster recovery/business continuity plan,” Michael Davies, an industry expert, told the news source.
Businesses that consider cost to be a prohibitive factor in implementing data backup software and other continuity solutions, should also consider the cost of not being able to recover after a disaster. The inability to return to normal operations, or even a delayed recovery, can cost a business hundreds, even thousands, of dollars, as well as the respect and loyalty of its customer base. By investing in business continuity solutions, a company can eliminate these risks, and it is well worth the cost.
However, it is worthwhile to consider cost-effective solutions for disaster recovery. Tape is outdated and expensive, but there are numerous solutions a business can implement to keep costs low. From backup hard drives to cloud services, there are a number of ways to cut costs, but not corners, with data backup. Cloud backups can make data easy to access and reduce the price of storage, while a hard drive system will keep data on-site, eliminating additional security costs.