Many businesses struggle with investing in better backup and recovery software, according to the Data Center Journal. Either because of cost or already having a working solution, many cannot justify the additional expense of investing those funds in improving storage. However, without adequate disaster recovery, large amounts of data could be wasted when disaster strikes. But why does this expense need to be justified in the first place? For any company or group, its data is the fundamental force behind successful operations, but some executives are still unwilling to allocate the right budgets to protect that data.
According to the news source, there are a variety of solutions to help IT professionals justify investing in new backup and recovery services to CIOs and other business decision-makers.
One problem that many companies encounter is that decision-makers look for the return on investment (ROI) on everything, and disaster recovery doesn’t have one. By looking at DR as an insurance policy, rather than part of the bottom line, this may help a company make more informed investment decisions regarding the protection of its data.
Additionally, backup can come with some serious costs, but improving technology through online backup in the cloud or virtualization of servers, for example, can help keep those costs down. IT professionals can also use public data to help outline the costs of data loss and how reliable disaster recovery software can help negate those costs, potentially saving a business millions of dollars an hour. The average retail company can lose up to $1.1 million every hour that its systems are down, according to the news source.
By analyzing the ways to save on DR, and the costs of not having adequate protection, a business can more easily justify the expense of improving its solutions and protect itself against almost any emergency that might arise.