Majority of real estate firms lack business continuity plan

Majority of real estate firms lack business continuity plan

May 10

Companies, regardless of size or industry, must always be ready for natural disasters that can potentially disrupt operational efficiency and damage mission-critical information. A recent survey of 200 real estate owners and managers conducted by Travelers found that 57 percent currently lack a business continuity plan. What is perhaps even more concerning is the fact that 43 percent do not view disasters as an important issue for their firms.

Deb Denker, Travelers real estate industry manager, said this lack of disaster preparedness could pose as a major risk to real estate managers and owners down the road.

“To survive the increasing number and severity of disasters, real estate owners and managers need a strategic business continuity plan to help minimize downtime, organize a response and deploy the resources needed for a prompt recovery,” Denker said.

Organizations of all sizes and industries can benefit greatly from innovative solutions like cloud backup, which is ideal for ensuring protection against disasters. The cloud operates off-site, allowing employees to access work-related documents regardless of the situation. Even if a firm must close its office, workers can remain productive.

Cloud’s popularity reaching impressive levels
Cloud computing’s popularity is reaching new heights, according to a recent survey conducted by RightScale, which found that only 8 percent of respondents have no plans to adopt the cloud at this time. Other participants are in the process of launching their first cloud projects, while still others are running applications in hosted environments and some are leveraging the technology as a strategic solution.

“In our 2013 State of the Cloud survey, we were able to gather meaningful insights as to how an organization’s level of cloud maturity impacts both the benefits they are able to realize and the challenges they perceive,” said Michael Crandell, CEO of RightScale.

The cloud is a unique technology in that it offers businesses a number of attractive benefits. Rather than forcing companies to purchase on-site IT systems, which often require an upfront capital investment, the cloud is affordable and firms only pay for the services they actually consume. Companies that require more or less computing power or storage capacity can add or subtract when needed to reflect current demand. This is a capability that other solutions cannot match.

Organizations looking for ways to ensure business continuity, employee collaboration and productivity should strongly consider the advantages of cloud-based environments.

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