In the aftermath, it’s important that the organisation recovers as quickly as possible to minimise downtime and ensure that it and its customers don’t suffer. This is where a disaster recovery plan comes in.
Not having a disaster recovery plan in place is not a wise move and could put your business at risk of:
High financial costs, including tangible costs, lost revenue, lost inventory, bank fees and penalties for not delivering on service level agreements.
- Reputation loss, including damage to the brand image and possible cost implications such as public relations campaigns to rebuild trust. It can also drive your clients to your competitors.
- Missed opportunities, diminished stock value and a downturn in employee morale.
Now we have discussed the negative implications of neglecting a DR plan, let’s consider the benefits.
Benefits of a disaster recovery plan
If you fail to plan, then you plan to fail! A disaster recovery plan is essential as it can prevent a severe loss of data and save your company, both financially and in terms of reputation. It can also give you a competitive edge over your competitions who may not have a DR plan in place. Disaster Recovery as a Service (DRaaS)
Disaster Recovery in general is a valuable resource that has numerous benefits. Recently, moving disaster recovery to the cloud and offering Disaster Recovery as a Service has increased the benefits of traditional DR. These benefits include: