A business’ data is just as important as its other critical assets, like cash, raw materials, and intellectual property. As such, a company’s disaster recovery strategy should be a high priority. However, many executives are unwilling to allocate the appropriate budgets for their IT department to protect that data. Backup and recovery software may seem like a money-sink to some, while others are simply unsure of the return on investment (ROI). According to eWEEK, there are several reasons to develop a successful and tested business continuity strategy and invest in DR solutions as quickly as possible.
The value of data
For any business, losing data would be akin to simply throwing away files, having a disastrous effect on operations and potentially crippling the company. By protecting its data, a company is keeping its investment in its customers and products safe and secure from any potential crisis, be it a natural disaster or man-made problem. A simple way to acknowledge how much a business would save by investing in data backup software is to add up how much the company would lose if it lost that information instead.
This also applies to downtime. When a business loses power or a system crashes, how much money is it losing during that time? Backing up systems allows the company to minimize downtime that occurs after a disaster as well, helping it get up and running as quickly as possible.
Simply investing in backup and recovery solutions helps, but there is more to the process that can help justify the cost as well, such as deduplication tools. This process further enhances the speed at which a company recovers following a disaster, and improves the backup process by analyzing data and only copying new and changed files. This reduces the time it takes a business to back up its system, and makes it easier to recover specific data should partial loss occur by keeping the storage space organized and succinct.
Another tool for increasing the ROI of backup solutions is virtualizing storage space and servers. This not only improves recovery options, it also reduces infrastructure costs. Running virtual servers and backups makes the recovery process smoother and reduces downtime even more dramatically.