For a business, disaster has many different faces. From minor problems like temporary power loss to major natural catastrophes, any instance where the network is down or business cannot be done is a loss of revenue. However, in many cases, how a company handles a disaster isn’t as important as how quickly it can recover afterward.
Recently, Computing.co.uk conducted surveys of senior IT managers and decision-makers in order to establish the perceived risks for business continuity, as well as the potential consequences of various events and how these business leaders plan to deal with them. According to the results, hardware failure is the No. 1 cause of IT problems, as cited by 68 percent of respondents. While over half of businesses responded that they are prepared for all of the top 5 IT failure scenarios (hardware failure, loss of connectivity, power disruptions, data loss, and software bugs), on average about one-fifth of businesses are still likely to flounder after disaster strikes.
Being prepared for a crisis and having the proper disaster recovery plan in place to quickly get back on track is vital for any business, yet only 57 percent of businesses are confident they can recover all lost data should a server crash or storm knock out power. According to Computing’s survey, most businesses also anticipate hours of downtime, with only 13 percent expecting to retrieve their data in minutes, and 1 percent within seconds of regaining systems.
In the long term, businesses expect problems from hardware failure and human error over larger-scale disasters, but are prepared for both. The main issues arise in recovery time and efficiency, rather than having a backup solution. By investing in high-quality backup and recovery software and training employees in best practices, a company can maximize efficiency following a disaster and minimize the amount lost time and income.