Disaster Recovery
In 2020, there was over 400 natural disasters. But disasters that affect business capabilities by natual disasters is only 6%. Do you think your company is protected for any kind of disaster? The worst type of disaster comes from human errors or hardware issues. If you have a small or large business, the only way to protect your business is develope a disaster recovery plan and excercise it.
Businesses need to determine the cost which your business would incure during a system downtime. These costs are employee productivity, loss of billable hours, missed sales. Other expenses would include the data which is used by your company. These would include financial data, human resources, software and emails.
In a worst-case scenario, your disaster recovery plan may save your company.
Why Should You Invest In Disaster Recovery?
- To Avoid Financial Impact ― Businesses increasingly depend on their technology. A single disaster can cripple or shutdown a company.
- To Maintain Customer Relationships — Getting customers to return to your company after a disaster is very difficult. Its less expensive to invest in a disaster recovery plan.
- Hardware Fails — Because of companies being so dependant on technology, it is the biggest cause for company downtime.
Top Disaster Types
When a business experiences downtime, there is always a cost associated. This amount is hard to determine, because of the indirect expenses and direct expenses. These can include; labor, equipment replacement, employee downtime and loss of sales.