Why business continuity solutions are better than just backups
There’s a lot to know about Business Continuity Solutions
Business continuity solutions aren’t sexy, but they are critical and here is why:
- 25% of production machines will have a failure this year1
- 24% of companies say they have experienced a full data disaster2
- 70% of small businesses that experience a major data loss go out of business within a year3
- The older your equipment, the higher the risk
Data Protection is also a Legal Responsibility. Compliance regulations like HIPAA require backup, recovery, and continuity plans be in place. In addition, PCI Compliance and financial data responsibilities are becoming even stricter. And, we anticipate that data loss of any kind will not be tolerated in the future.
So, what can you do to safeguard your business? First, know your IT infrastructure in and out so you can understand any potential gaps. That means, know what data you have and need as well as where it is stored. In 2015, data is stored everywhere: workstations, local servers, mobile devices, removable drives, cloud SaaS applications as well as public clouds.
Then, do your research to understand the business continuity solutions available and make sure you take the right approach to protecting your business. It is important to know that data loss protection is not always downtime protection. Do you have a system failover? Think about downtime and the associated cost for being unproductive. What happens if your servers go down? In addition to operations stopping and lost sales, there may be compliance issues or possible litigation as well as permanent damage to your reputation. The cost of data loss is huge–however, the good news is that it is preventable.
In order to find out how much the right business continuity solution is worth to you, we need to start with a frame of reference. For a downtime calculator visit datto.com/rto. It’s important that you invest in a solution that can grow with your company and provides transparency regarding both the service as well as the cost. In addition, any solution you select must offer backup verification to ensure your data is in fact protected. All too often we see backup solutions fail to restore data when it is needed the most. Do your homework and invest in the right business continuity solutions for your business.
Click today if you are interested in a free business continuity assessment for your business.
- Gartner Group Study
- Forrester Research Study