A very solid reason for business continuity vs backup.
Business continuity vs backup allows you to plan better for your business
What’s the importance of business continuity vs backup? Data protection solutions are essential for businesses of all sizes to implement, regardless of industry or geographic location. Downtime is real and it’s costly. How costly exactly? Would you believe that depending on the size of the organization, the cost per hour of downtime is anywhere from $9,000- $700,000?! In fact, on average, a business will lose around $164,000 per hour of downtime.
So, downtime is costly, that is clear, but exactly causes it? Glad you asked, network outages and human error account for 50% and 45% of downtime, respectively. Meanwhile, natural disasters account for just 10 percent of downtime. When you look at the cause of downtime by data volume, the #1 culprit is, once again, human error, at 58%. As it turns out, businesses should be more wary of their own employees and less of natural disasters. If you’ve been putting off data protection because your organization is located far from any inclement weather, be warned: the bigger threat to your data is inside of your company, not the great outdoors.
What exactly is at stake? Your data, your money!
2.5 quintillion bytes of data are generated daily. And 90% of the total data in existence was created within the past few years, a significant portion of which has been generated by small businesses. Considering all the servers, desktops, and laptops that the typical SMBs manage, it adds up to a lot of data to protect. Yet nearly 75% of SMBs operate without a disaster recovery plan and only 25% are “extremely confident” that they can restore data if it was compromised.
What happens when disaster strikes? Businesses must scramble to retrieve important data. According to IDG, it takes around 7 hours to resume normal operations after a data loss incident, with 18% of IT managers saying that it takes 11 to 24 hours, or even longer.
So, what is the answer? Local or cloud backup? Business continuity vs backup? The answer lies in between. Using local backup for business continuity works well for quick restores. Because the data is right there, it’s fast and easy to restore back to its original location and keep the business humming. But what happens if the power goes out? If the device fails? Or if it is stolen or destroyed in a natural or man-made disaster? You might think the cloud looks more attractive for all these reasons. But cloud-only backup is risky because you can’t control the bandwidth. Restores tend to be difficult and time-consuming. After all, the cloud can fail, too. That leads us to a hybrid-cloud solution. Your data is first copied and stored on a local device. That way, if something happens, you can do a fast and easy restore from that device. But then your data is also replicated in the cloud. So if anything happens to that device, you’ve got off-site cloud copies of your data—without having to worry about moving copies of your data off-site physically.
Business continuity vs backup: what’s the difference? Unlike traditional backup, business continuity, involves thinking about the business at a higher-level and asks: how quickly can I get my business operating again in case of system failure? Business continuity is equally important to consider as it ensures your organization is able to get back up and running in a timely matter if disaster strikes. For example, if your server dies, you wouldn’t be able to quickly get back to work if you only had file-level backup. Your server would need to be replaced, software and data re-installed, and the whole system would need to be configured with your settings and preferences. This process could take days. Can your business afford to lose that time? Not many can.
If you would like to learn more about the benefits of business continuity vs backup, contact us today.